KUALA LUMPUR, Jan 8 (Bernama) -- Bank Negara Malaysia (BNM)
said its international reserves amounted to RM427.1 billion (equivalent to
US$139.7 billion) as at Dec 31, 2012.
In a statement, BNM said the reserves level had taken into
account the quarterly adjustment for foreign exchange revaluation changes.
The reserves position is sufficient to finance 9.5 months of
retained imports and is 4.2 times the short-term external debt, it said.
BNM said for 2012 as a whole, the international reservese
rose by RM3.8 billion to RM427.1 billion (end-2011: RM423.4 billion).
The higher reserves reflected the continued current account
surplus amidst inflows of foreign direct investment and portfolio capital.
However, these inflows were partly offset by direct
investment abroad by Malaysian companies as well as outflows of other
investments.
In addition, there was also a cumulative unrealised foreign
exchange revaluation loss following the strengthening of ringgit against
selected major and regional currencies during the year.
Malaysia's international reserves, which are usable and
unencumbered, are expected to continue to remain at a comfortable level in
2013.
The level of reserves will be supported by trade and
investment inflows, it said.
-- BERNAMA
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