Monday, July 28, 2008

Going down ... ?

As at 15th July 2008, Bank Negara's IFR amounted to RM 408.8 (USD 125.1) billion representing financials of 9.9 months of imports and 5.1 times the short term external debt (STED). A forthnight ago, the IFR was higher.

The figure that I am interested in is the one that represents the number of times BNM's external debts. At one time, it was as high as 8 (to me, the higher the number, the better is for Malaysia) but lately the number hovered between 4 to 6. Am I to believe, judging from the figures for 15th July 2008, that Malaysia's STED is about RM 80 billion ?