Is it slowing down ? .......
Bank Negara Malaysia (BNM) announced that its IFR at 31/03/2008 stood at RM 384.7 billion. This is equivalent to USD 120.3 billion. In terms of ringgit, the IFR has reduced from RM 393.2 billion just 2 weeks ago while in terms of usd, it has increased from USD 119.1 which is due to the favourable exchange rate of the MYR versus the USD. The latest IFR means that Malaysia can sustain 9.5 months of imports and enough funds to cover 7.1 times its short term external debts.
At this rate, BNM can never catch up with Singapore's IFR ?