BNM international reserves rise to US$102.6 bil

Bank Negara Malaysia says the reserves position is sufficient to finance 7.2 months of retained imports.

KUALA LUMPUR: Bank Negara Malaysia’s (BNM) international reserves stood at US$102.6 billion as at June 14, up from US$102.3 billion on May 31.

The central bank said the reserves position is sufficient to finance 7.2 months of retained imports and is 1.1 times the total short-term external debt.

In a statement today, BNM said the main components of the international reserves as at June 14 comprised foreign currency reserves at US$96.3 billion, International Monetary Fund reserves position at US$1.1 billion, Special Drawing Rights (SDRs) at (US$1.1 billion, gold at US$1.6 billion and other reserve assets at US$2.5 billion.

It said assets included gold and foreign exchange and other reserves, including SDRs, which amounted to RM418.662 billion, Malaysian government papers (RM2.27 billion), deposits with financial institutions (RM952.176 million), loans and advances (RM7.045 billion), land and buildings (RM4.16 billion) and other assets (RM12.647 billion).

Capital and liabilities comprised paid-up capital (RM100 million), reserves (RM133.64 billion), currency in circulation (RM112.582 billion), deposits by financial institutions (RM154.47 billion), federal government deposits (RM20.424 billion), other deposits (RM1.992 billion), Bank Negara papers (RM12.413 billion), allocation of SDRs (RM7.619 billion) and other liabilities (RM2.50 billion).