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The State of the Nation: Why Bank Negara s foreign reserves rose in December despite sizeable portfolio outflows

WITH Malaysia seeing sizeable portfolio outflows in the last quarter of 2022 as foreign money withdrew from many emerging markets across multiple asset classes in a strong US dollar environment the fact that Bank Negara Malaysia’s foreign reserves gained more in the month of November itself than the amount it lost over three months between August and October last year did not go unnoticed.

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