BNM international reserves stand at US$116.2bil

BNM international reserves stand at US$116.2bil

The central bank says the reserves are enough to finance 7.4 months of retained imports.

Bank Negara Malaysia says the bulk of its assets comprise gold, foreign exchange and other reserves, including SDRs.
KUALA LUMPUR:
Bank Negara Malaysia’s (BNM) international reserves stood at US$116.2 billion as of Jan 14.

“The reserves position is sufficient to finance 7.4 months of retained imports and is 1.2 times total short-term external debt,” the central bank said in a statement today.

BNM said the main components of the international reserves were foreign currency reserves (US$102.6 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$3.9 billion).

It said the assets comprised gold, foreign exchange and other reserves, including SDRs (RM484.17 billion), Malaysian government papers (RM12.21 billion), deposits with financial institutions (RM875.33 million), loans and advances (RM22.87 billion), land and buildings (RM4.16 billion) and other assets (RM21.3 billion).

Capital and liabilities comprised paid-up capital amounting to RM100 million, reserves (RM182.21 billion), currency in circulation (RM153.1 billion), deposits by financial institutions (RM145.4 billion), federal government deposits (RM17.29 billion), other deposits (RM6.1 billion), Bank Negara papers (RM7.28 billion), allocation of SDRs (RM28.15 billion) and other liabilities (RM5.96 billion).

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