BNM international reserves down at US$103 bil

Bank Negara Malaysia says its international reserves stood at US$103 billion as at Sept 30, from US$103.5 billion on Sept 13.

KUALA LUMPUR: Bank Negara Malaysia’s (BNM) international reserves decreased to US$103.0 billion as at Sept 30, from US$103.5 billion as at Sept 13.

The central bank said the reserves position will be sufficient to finance 7.6 months of retained imports and were 1.1 times the total short-term external debt.

The main components of the international reserves comprise foreign currency reserves at US$96.7 billion, International Monetary Fund reserves position (US$1.1 billion), Special Drawing Rights (SDRs) (US$1.1 billion), gold (US$1.9 billion) and other reserve assets (US$2.2 billion).

It said assets included gold and foreign exchange and other reserves, including SDRs, which amounted to RM431.27 billion, Malaysian government papers (RM2.41 billion), deposits with financial institutions (RM334.96 million), loans and advances (RM6.83 billion), land and buildings (RM4.16 billion), and other assets (RM14.24 billion).

A BNM statement also said capital and liabilities comprised paid-up capital (RM100 million), reserves (RM142.16 billion), currency in circulation (RM109.12 billion), deposits by financial institutions (RM161.11 billion), federal government deposits (RM13.57 billion), other deposits (RM1.10 billion), Bank Negara papers (RM21.60 billion), allocation of SDRs (RM7.68 billion), and other liabilities (RM2.78 billion).