KL’s central bank’s reserves climb
(Indonesia) - Bank Negara Malaysia's international reserves have hit a two year high of RM127.7 billion (US$33.6 billion), jumping RM3.6 billion at the end of June.
The market expects this level to remain stable, with continuing moderate increases to the end of this year reaching close to RM130 billion. According to Bank Negara the increase in reserves was mainly driven by sustained exports in the second half of June, along with a gain of US$1.4 euro and yen holdings of the Bank.
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