BNM international reserves rise to US$102.6 bil

Bank Negara Malaysia says the reserves position is sufficient to finance 7.4 months of retained imports.

KUALA LUMPUR: Bank Negara Malaysia’s (BNM) international reserves rose to US$102.6 billion as at March 15 from US$102.4 billion as at Feb 28.

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

In a statement today, BNM said the main components of the international reserves as at March 15 comprised foreign currency reserves at US$96.7 billion, International Monetary Fund reserves US$900 million, Special Drawing Rights (SDRs) US$1.1 billion, gold US$1.6 billion and other reserve assets US$2.3 billion.

It said the assets included gold and foreign exchange and other reserves, including SDRs, which amounted to RM424.44 billion, Malaysian government papers (RM2.53 billion), deposits with financial institutions (RM965.84 million), loans and advances (RM7.23 billion), land and buildings (RM4.17 billion) and other assets (RM16.63 billion).

Capital and liabilities comprised paid-up capital of RM100 million, reserves (RM136.76 billion), currency in circulation (RM107.04 billion), deposits by financial institutions (RM158.95 billion), federal government deposits (RM19.28 billion), other deposits (RM1.26 billion), Bank Negara papers (RM23.28 billion), allocation of SDRs (RM7.74 billion) and other liabilities (RM1.55 billion).