BNM’s international reserves slip to US$103.2 bil at Oct 15

BNM’s international reserves slip to US$103.2 bil at Oct 15

The central bank says the reserves position is sufficient to finance 7.6 months of retained imports.

Bank Negara Malaysia says the international reserves amount to 1.1 times the total short-term external debt.
KUALA LUMPUR:
Bank Negara Malaysia’s (BNM) international reserves declined to US$103.2 billion as at Oct 31, 2019 from US$103.3 billion as at Oct 15, 2019.

In a statement today, the central bank said the reserves position is sufficient to finance 7.6 months of retained imports and is 1.1 times the total short-term external debt.

BNM said the main components of the international reserves comprised foreign currency reserves at US$96.8 billion, International Monetary Fund reserves position (US$1.1 billion), Special Drawing Rights or SDRs (US$1.1 billion), gold (US$1.9 billion), and other reserve assets (US$2.3 billion).

It said assets included gold and foreign exchange and other reserves, including SDRs, which amounted to RM432.19 billion, Malaysian government papers (RM2.21 billion), loans and advances (RM6.78 billion), land and buildings (RM4.16 billion), and other assets (RM12.87 billion).

Capital and liabilities comprised paid-up capital (RM100 million), reserves (RM143.44 billion), currency in circulation (RM109.97 billion), deposits by financial institutions (RM163.52 billion), federal government deposits (RM10.43 billion), other deposits (RM968.16 million), Bank Negara papers (RM20.16 billion), allocation of SDRs (RM7.68 billion), and other liabilities (RM2.35 billion).

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