The projected foreign currency inflows will amount to US$2.23 billion over the next 12 months.
Government guarantees of foreign currency debt due within one year is the only contingent short-term net drain on foreign currency assets, says Bank Negara Malaysia.
“The net short forward positions amounted to US$22.89 billion as at end-August 2023, which reflected the management of ringgit liquidity in the money market,” it said. It, however, excludes the projected foreign currency inflows that arise from interest income and the drawdown of project loans.
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