BNM international reserves go up to US$102.7 bil

KUALA LUMPUR: Bank Negara Malaysia’s (BNM) international reserves increased to US$102.7 billion as at June 28 from US$102.6 billion as of June 14.

In a statement, the central bank said the reserves position is sufficient to finance 7.3 months of retained imports and is 1.2 times total short-term external debt.

BNM said the main components of the international reserves comprised foreign currency reserves at US$96.6 billion, International Monetary Fund reserves position (US$1.1 billion), Special Drawing Rights (SDRs) (US$1.1 billion), gold (US$1.8 billion), and other reserve assets (US$2.1 billion).

It said assets included gold and foreign exchange and other reserves, including SDRs, which amounted to RM425.42 billion, Malaysian government papers (RM2.28 billion), deposits with financial institutions (RM240.57 million), loans and advances (RM7.01 billion), land and buildings (RM4.16 billion), and other assets (RM12.56 billion).

Capital and liabilities comprised paid-up capital (RM100 million), reserves (RM140.33 billion), currency in circulation (RM110.12 billion), deposits by financial institutions (RM151.18 billion), federal government deposits (RM23.41 billion), other deposits (RM1.15 billion), Bank Negara papers (RM15.30 billion), allocation of SDRs (RM7.72 billion), and other liabilities (RM2.34 billion).