Malaysia says reserves well-diversified

Malaysia's international reserves are well-balanced and not excessive in US dollar holdings, Bernama news agency reported, quoting Bank Negara Malaysia (BNM) Deputy Governor Ooi Sang Kuang.

"I can tell you that we maintain well-diversified reserves ... balancing liquidity, risk and return," Ooi was quoted as saying.

He was reacting to concerns expressed at a seminar earlier today that Malaysia's reserves are "overloaded" with the US currency.

He said that the US dollar had been weighed down

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Geoeconomic reserve management

The world order is evolving. Whether, and how, the international economy remains integrated or shifts into spheres of influence has consequences for central bank policy and reserve management.

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