BNM’s international reserves rise to US$111.8bil as at July 14

BNM’s international reserves rise to US$111.8bil as at July 14

Reserves sufficient to finance 5.1 months of imports of goods and services, says central bank.

The international reserves position amounts to one time the total short-term external debt, says Bank Negara Malaysia.
PETALING JAYA:
Bank Negara Malaysia’s (BNM) international reserves increased to US$111.8 billion as at July 14, up 0.36% from US$111.4 billion at June 30.

In a statement today, the central bank mentioned that the reserves position was sufficient to finance 5.1 months of imports of goods and services, and was one time the total short-term external debt.

The primary components of the international reserves included foreign currency reserves amounting to US$99.2 billion, the International Monetary Fund reserves position totaling US$1.4 billion, special drawing rights (SDRs) with a value of US$5.7 billion, gold reserves valued at US$2.4 billion, and other reserve assets accounting for US$3.1 billion.

At the same time, total assets amounted to RM623.19 billion, which consisted of gold and foreign exchange reserves along with other reserves, including SDRs (RM524.02 billion), Malaysian government papers (RM12.58 billion), loans and advances (RM23.63 billion), land and buildings (RM4.14 billion), and other assets (RM58.80 billion).

According to BNM, capital and liabilities included paid-up capital (RM100 million), reserves (RM184.34 billion), currency in circulation (RM160.22 billion), deposits by financial institutions (RM169.28 billion), federal government deposits (RM10 billion), other deposits (RM37.84 billion), Bank Negara papers (RM26.91 billion), allocation of SDRs (RM29.95 billion), and other liabilities (RM4.52 billion).

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