Forex Reserves Rise As Capital Outflows Reverse

Economic Research	10 April 2017
Malaysia
Economic Update
Forex Reserves Rise As Capital Outflows Reverse Malaysia’s forex reserves rose by USD0.4bn to reach USD95.4bn as at 31 Mar. This suggests that the outflow of foreign capital could have reversed in March, while the requirement to convert 75% of export proceeds might have helped as well during the month. In MYR terms, forex reserves, however, dropped by MYR4.1bn to MYR422.2bn in the same period. Economist:  Vincent Loo Yeong Hong  | +603 9280 2172 Economist:  Aris Nazman Maslan  | +603 9280 2184