The new system offers comprehensive multi-currency settlement and debt securities depository capabilities with ringgit, US dollar and yuan as the initially supported currencies, Bank Negara said in a statement yesterday.
PETALING JAYA: Malaysia’s foreign reserves have remained steady above the US$97bil-level for the past seven months on less volatile capital flows.
According to Bank Negara, international reserves of the central bank had increased marginally to US$97.8bil as of Oct 14, 2016 from U$97.7bil as of Sept 30, 2016. In ringgit terms, the reserves were valued at RM405.6bil in mid-October, compared with RM405bil at end-September.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
