Malaysia reports reserve increase

The international reserves of Bank Negara surged to RM298.7 billion (US$78.7 billion) as at 29 July. This was a RM12.89 billion increase from the 15 July figure, the BNM said.

"About two-thirds of the inflows during the fortnight had occurred on the day following the announcement of the change in the exchange rate regime to a managed float," the central bank stated on Aug 8. The ringgit was unpegged on July 21.

The central bank said the flows, however, normalised in the subsequent days with bo

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