BNM’s international reserves drop to US$111.4bil as at June 30

BNM’s international reserves drop to US$111.4bil as at June 30

The reserves level is sufficient to finance imports for five months, says central bank.

Bank Negara Malaysia’s international reserves dropped to US$111.4 billion as at June 30 from US$113 billion on June 15.
PETALING JAYA:
Bank Negara Malaysia’s (BNM) international reserves amounted to US$111.4 billion as at June 30, down 1.4% from the US$113 billion recorded on June 15.

In a statement today, the central bank mentioned that the reserves level has been adjusted to reflect the changes in quarterly foreign exchange revaluation.

BNM remarked that the reserves are capable of financing imports of goods and services for a duration of five months.

Additionally, the reserves amount is equal to the total short-term external debt.

The main components of the international reserves were foreign currency reserves (US$99.2 billion), International Monetary Fund reserves position (US$1.4 billion), special drawing rights (SDRs) (US$5.7 billion), gold (US$2.4 billion) and other reserve assets (US$2.7 billion).

Meanwhile, total assets stood at RM622.48 billion, comprising gold and foreign exchange and other reserves, including special drawing rights (SDRs) (RM522.05 billion), Malaysian government papers (RM12.59 billion), loans and advances (RM23.6 billion), land and buildings (RM4.14 billion) and other assets (RM60.09 billion).

BNM added that capital and liabilities comprised paid-up capital (RM100 million), reserves (RM181.92 billion), currency in circulation (RM160.11 billion), deposits by financial institutions (RM182.29 billion), federal government deposits (RM6.39 billion), other deposits (RM38.25 billion), Bank Negara papers (RM19.41 billion), allocation of SDRs (RM29.96 billion) and other liabilities (RM4.05 billion).

Stay current - Follow FMT on WhatsApp, Google news and Telegram

Subscribe to our newsletter and get news delivered to your mailbox.