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Article: Malaysia : Forex reserves at record $43.2b.
- Article from:
- TendersInfo
- Article date:
- November 9, 2009
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Byline: Mamta03
The gross international reserves of Bangko Sentral rose to a new record high of $43.2 billion at the end of October, exceeding this year s target of $42 billion to $43 billion.
The reserves, consisting of dollars, gold and other foreign currency holdings held by the central bank, climbed to their end-September level of $42.56 billion on rising metal prices and increased foreign loans.
The national government deposited proceeds of a $1-billion global bond issue as well as a loan tapped from the Asian Development Bank with Bangko Sentral, boosting the international reserves.
Gold prices have risen to over $1,000 per ounce ...