# Bank Negara’s dollar borrowing in swaps market hits record high | Malay Mail

> Bank Negara Malaysia's short-term dollar borrowings via currency swaps reached a record of nearly US$18 billion in March 2017. Headline reserves were US$95.42 billion at end-March. The central bank says the positions reflect routine ringgit liquidity management.

- Date: 2017-04-28 · published 2017-04-28T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/71755-bank-negara-s-dollar-borrowing-in-swaps-market-hits-record-high-malay-mail
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

The swap positions are a liquidity tool and do not signal a change in exchange-rate policy. They have little direct effect on feed or commodity prices.

## Sources

- beta.malaymail.com: https://beta.malaymail.com/news/money/2017/04/28/bank-negaras-dollar-borrowing-in-swaps-market-hits-record-high/1366159

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.