Hope everyone is at least aware that sudden financial crisis most probably would not start with Malaysia, based on the reserves numbers. Do google for the reserve numbers of some of the other more developed countries to understand my meaning. 1998 vs today?
Actual statement from Bank Negara Malaysia’s press statement on 5th July 2016. For even more official news, please refer Bank Negara Malaysia (BNM)
International Reserves of Bank Negara Malaysia as at 30 June 2016
The international reserves of Bank Negara Malaysia amounted to RM390.4 billion (equivalent to USD97.2 billion) as at 30 June 2016. The decline in reserves level in USD terms as at 30 June 2016 was mainly due to the quarterly adjustment for foreign exchange revaluation changes. The reserves position is sufficient to finance 8.1 months of retained imports and is 1.2 times the short-term external debt[1].
[1] Refers to the redefined short-term external debt, which includes short-term offshore borrowing, non-resident holdings of short-term ringgit debt securities, non-resident deposits with the banking system and other short-term debt. For more information, please refer to the box article titled ‘The Redefinition of External Debt’ in the Quarterly Bulletin on Economic and Financial Developments in the Malaysian Economy in the First Quarter of 2014
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