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Malaysia’s currency reserves slightly down in 2016

Malaysia’s currency reserves have reduced slightly from 95.3 billion USD in 2015 to 94.6 billion USD in 2016.
Kuala Lumpur (VNA) – Malaysia’s currencyreserves have reduced slightly from 95.3 billion USD in 2015 to 94.6 billionUSD in 2016.

The Bank of Malaysia (BNM) was quoted by the NewStraits Times as saying that the level of reserves has taken into account there-determination of the exchange rate and is enough to support internationaltransactions in 8.8 months of imports.

The International Monetary Fund (IMF) predictsMalaysia’s economy is estimated to grow 4.5 percent in 2017 thanks to thestrong growth of private consumption.

The lender also warned that Malaysia’s economy will continue suffering from lowcommodity prices and stagnant private investment growth.-VNA
VNA
#currency reserves#Bank of Malaysia#exchange rate
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