BNM’s international reserves ease to US$101 bil

BNM’s international reserves ease to US$101 bil

Central bank says the reserves are sufficient to finance 7.4 months of retained imports.

The Bank Negara Malaysia in Kuala Lumpur. (AFP pic)
KUALA LUMPUR:
Bank Negara Malaysia (BNM) recorded US$101.4 billion (RM423.6 billion) in international reserves as of Dec 14, down from US$102 billion a fortnight ago.

The central bank said the reserves position is sufficient to finance 7.4 months of retained imports and was 1.0 time the short-term external debt.

The main components of the international reserves comprised foreign currency reserves at US$95.6 billion, International Monetary Fund reserves position (US$900 million), Special Drawing Rights or SDRs (US$1.1 billion), gold (US$1.5 billion), and other reserve assets (US$2.3 billion).

BNM’s assets were made up of gold and foreign exchange and other reserves, including SDRs which amounted to RM420.10 billion, Malaysian government papers (RM3.39 billion), loans and advances (RM6.93 billion), land and buildings (RM4.18 billion), and other assets (RM9.80 billion).

Its liabilities comprised paid-up capital (RM100 million), reserves (RM133.78 billion), currency in circulation (RM104.59 billion), deposits by financial institutions (RM158.16 billion), federal government deposits (RM10.39 billion), other deposits (RM748.05 million), BNM papers (RM26.03 billion), allocation of SDRs (RM7.77 billion), and other liabilities (RM2.82 billion).

Stay current - Follow FMT on WhatsApp, Google news and Telegram

Subscribe to our newsletter and get news delivered to your mailbox.