Bank Negara’s international reserves go up to US$109.7bil

Bank Negara’s international reserves go up to US$109.7bil

Reserves enough to finance 8.6 months of retained imports.

Bank Negara Malaysia says the country’s finances are comfortable for now.
KUALA LUMPUR:
Bank Negara Malaysia’s (BNM) international reserves increased to US$109.7 billion (RM443.68 billion) as at Feb 15, from US$107.8 billion as at Jan 15.

In a statement today, the central bank said the reserves position is sufficient to finance 8.6 months of retained imports and is 1.2 times total short-term external debt.

The central bank said the main components of the international reserves were foreign currency reserves (US$99.7 billion), International Monetary Fund reserves position (US$1.4 billion), Special Drawing Rights (SDRs) (US$1.2 billion), gold (US$2.4 billion) and other reserve assets (US$5 billion).

The assets comprised gold and foreign exchange and other reserves, including SDRs amounting to RM441.03 billion, Malaysian government papers (RM11.14 billion), deposits with financial institutions (RM2.84 billion), loans and advances (RM18.62 billion), land and buildings (RM4.16 billion) and other assets (RM16.93 billion).

The central bank added that capital and liabilities comprised paid-up capital (RM100 million), reserves (RM172.91 billion), currency in circulation (RM140.20 billion), deposits by financial institutions (RM140.18 billion), federal government deposits (RM7.95 billion), other deposits (RM11.81 billion), BNM papers (RM9.41 billion), allocation of SDRs (RM7.79 billion) and other liabilities (RM4.36 billion).

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