Bank Negara has RM392.5 billion in international reserves

Bank Negara has RM392.5 billion in international reserves

BNM says reserves position sufficient to finance 8.1 months of retained imports and is 1.2 times the short-term external debt.

bnm
KUALA LUMPUR: Bank Negara Malaysia’s (BNM) international reserves amounted to RM392.5 billion (equivalent to US$97.7 billion) as at Sept 15, 2016.

In a statement today, BNM said the reserves position was sufficient to finance 8.1 months of retained imports and is 1.2 times the short-term external debt.

The main components of the international reserves were foreign currency reserves (US$89.7 billion), International Monetary Fund reserves (US$0.8 billion), Special Drawing Rights (SDRs) (US$1.1 billion), gold (US$1.5 billion); and other reserve assets (US$4.6 billion).

Meanwhile, its total assets stand at RM411.166 billion.

The central bank’s assets included gold and foreign exchange and other reserves including SDRs (RM392.490 billion), Malaysian government papers (RM1.643 billion), deposits with financial institutions (RM1.510 billion), loans and advances (RM7.605 billion), land and buildings (RM2.114 billion), and other assets (RM5.804 billion).

Its liabilities comprised of paid-up capital (RM100 million), reserves (RM110.204 billion), currency in circulation (RM92.118 billion), deposits by financial institutions (RM165.513 billion), deposits by the Federal Government (RM10.576 billion), other deposits (RM1.026 billion), Bank Negara papers (RM10.665 billion), allocation of SDR (RM7.522 billion), and other liabilities (RM13.443 billion).

 

 

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