BNM’s international reserves rise to US$110.9bil

BNM’s international reserves rise to US$110.9bil

The central bank says they are sufficient to finance 8.4 months of retained imports and are 1.1 times the total of short-term external debt.

Bank Negara Malaysia’s international reserves as at May 31 have shown an increase over the US$110.6 billion on May 12.
KUALA LUMPUR:
Bank Negara Malaysia’s (BNM) international reserves stood at US$110.9 billion as at May 31, up from US$110.6 billion on May 12.

BNM said the reserves position is sufficient to finance 8.4 months of retained imports and is 1.1 times the total of short-term external debt.

In a statement, it said the main components of the international reserves were foreign currency reserves (US$103.2 billion), International Monetary Fund reserves position (US$1.4 billion), special drawing rights (US$1.2 billion), gold (US$2.1 billion) and other reserve assets (US$3 billion).

The assets comprised gold and foreign exchange and other reserves, including SDRs amounting to RM460.65 billion, Malaysian government papers (RM11.43 billion), deposits with financial institutions (RM3.63 billion), loans and advances (RM19.86 billion), land and buildings (RM4.16 billion), and other assets (RM15.69 billion).

Capital and liabilities comprised paid-up capital (RM100 million), reserves (RM177.10 billion), currency in circulation (RM142.77 billion), deposits by financial institutions (RM145.50 billion), federal government deposits (RM14.95 billion), other deposits (RM11.44 billion), BNM papers (RM10.32 billion), allocation of SDRs (RM7.91 billion) and other liabilities (RM5.37 billion).

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