BNM international reserves dip to US$115.2bil

BNM international reserves dip to US$115.2bil

The central bank says funds sufficient to finance 8.2 months of retained imports and are 1.3 times the total of short-term external debt.

Bank Negara Malaysia’s international reserves as at Sept 30 eased to US$115.2 billion from US$116.2 billion on Sept 15.
KUALA LUMPUR:
Bank Negara Malaysia’s (BNM) international reserves eased to US$115.2 billion (RM480.38 billion) as at Sept 30 compared to US$116.2 billion (RM484.56 billion) on Sept 15.

In a statement today, the central bank said the reserves level took into account the quarterly foreign exchange revaluation changes.

“The reserves position is sufficient to finance 8.2 months of retained imports and 1.3 times the total short-term external debt,” it said.

BNM said the main components of the international reserves were foreign currency reserves (US$102.5 billion), International Monetary Fund reserves position (US$1.4 billion), special drawing rights (SDRs) (US$6.1 billion), gold (US$2.2 billion), and other reserve assets (US$3 billion).

Assets comprising gold, foreign exchange, and other reserves, including SDRs, amounted to RM482.53 billion, Malaysian government papers (RM11.45 billion), deposits with financial institutions (RM754.02 million), loans and advances (RM22.30 billion), land and buildings (RM4.16 billion), and other assets (RM16.13 billion).

Capital and liabilities comprising paid-up capital amounted to RM100 million, reserves (RM182.87 billion), currency in circulation (RM145.23 billion), deposits by financial institutions (RM157.49 billion), federal government deposits (RM4.20 billion), other deposits (RM7.18 billion), Bank Negara papers (RM7.12 billion), allocation of SDRs (RM28.47 billion), and other liabilities (RM4.67 billion).

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