BNM international reserves stand at US$115.8bil

BNM international reserves stand at US$115.8bil

The central bank says the reserves are enough to finance 6.1 months of retained imports.

Bank Negara said the main components of the international reserves were foreign currency reserves and special drawing rights.
KUALA LUMPUR:
Bank Negara Malaysia’s (BNM) international reserves amounted to US$115.8 billion as at Feb 15, 2022, compared with US$116.1 billion as at the end of last month.

“The reserves position is sufficient to finance 6.1 months of imports of goods and services, and is 1.2 times total short-term external debt,” the central bank said in a statement.

The main components of the international reserves were foreign currency reserves (US$102.4 billion), IMF reserves position (US$1.4 billion), special drawing rights (SDRs) (US$6 billion), gold (US$2.3 billion), and other reserve assets (US$3.7 billion).

The central bank said the assets comprised gold, foreign exchange and other reserves, including SDRs (RM482.23 billion), Malaysian government papers (RM12.21 billion), deposits with financial institutions (RM808.42 million), loans and advances (RM23.33 billion), land and buildings (RM4.16 billion), and other assets (RM71.34 billion).

Capital and liabilities comprised paid-up capital amounting to RM100 million, reserves (RM175.21 billion), currency in circulation (RM153.93 billion), deposits by financial institutions (RM144.85 billion), federal government deposits (RM19.34 billion), other deposits (RM5.56 billion), BNM papers (RM7.28 billion), allocation of SDRs (RM28.15 billion), and other liabilities (RM5.66 billion).

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