PETALING JAYA: The US$39.6bil (RM161.61bil) in losses suffered by Bank Negara Malaysia between 2013 and 2015 was a reflection in the decline international reserves due to the outflow of foreign funds, not losses due to mismanagement, said Datuk Seri Johari Abdul Ghani. According to Johari, these are the external factors that pushed foreign investors to liquidate their investments in Malaysian stock and bond markets. According to Johari, the decline in reserves between 2013 and 2015 had no material impact to the functioning of the Malaysian economy and the financial position of Bank Negara. "Since then, Malaysia's international reserves has been on the increase. As at the end of Nov 2017, our international reserves stand at US$101.9 bil (RM415.81bil) and is sufficient to support 7.5 months of retained imports.

Source: The Star December 19, 2017 11:37 UTC