Malaysia’s international reserves slip to US$110bil as of September

Malaysia’s international reserves slip to US$110bil as of September

The reserves position is sufficient to finance 5.1 months of imports of goods and services.

The main components of international reserves include foreign currency, the International Monetary Fund, special drawing rights, gold and other reserve assets.
PETALING JAYA:
Bank Negara Malaysia’s (BNM) international reserves amounted to US$110.1 billion (RM519.29 billion) as of last month compared with US$112.46 billion (RM 530.42 billion) at the end of August.

The central bank said in a statement today that the reserves position was sufficient to finance 5.1 months of imports of goods and services and was one time the total short-term external debt.

The main components of the international reserves were foreign currency reserves (US$98.0 billion), International Monetary Fund reserves position (US$1.4 billion), special drawing rights (SDRs) (US$5.7 billion), gold (US$2.3 billion) and other reserve assets (US$2.7 billion).

Total assets stood at RM620.97 billion, comprising gold and foreign exchange and other reserves, including SDRs (RM517.14 billion), Malaysian government papers (RM12.76 billion), loans and advances (RM23.87 billion), land and buildings (RM4.14 billion) and other assets (RM63.06 billion).

BNM said capital and liabilities comprised paid-up capital (RM100 million), reserves (RM170.61 billion), currency in circulation (RM158.20 billion), deposits by financial institutions (RM184.83 billion), federal government deposits (RM9.21 billion), other deposits (RM37.23 billion), Bank Negara papers (RM26.09 billion), allocation of SDRs (RM29.85 billion) and other liabilities (RM4.85 billion).

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