Malaysia’s international reserves fall 1.5% to US$108.5bil

Malaysia’s international reserves fall 1.5% to US$108.5bil

The country’s reserves have fallen about 5.9% since the beginning of the year.

BNM said Malaysia’s international reserves position is sufficient to finance 5.1 months of goods and services imports.
PETALING JAYA:
Bank Negara Malaysia’s (BNM) international reserves slipped 1.5% to US$108.5 billion (RM506.88 billion) as at Oct 31 from RM110.15 billion a month ago on Sept 30.

Compared to a fortnight ago, the country’s reserves slipped 0.37% from US$108.9 billion. Since early this year, the reserves have fallen some 5.9% from RM115.16 billion as at Jan 31.

BNM said the current reserves position is sufficient to finance 5.1 months of goods and services imports, and is one time the total short-term external debt, it said in a statement today.

The main components of the international reserves are foreign currency reserves (US$96.5 billion or RM450.87 billion), International Monetary Fund (IMF) reserves position (US$1.3 billion/RM6.07 billion), special drawing rights (SDRs) (US$5.7 billion/RM26.63 billion), gold (US$2.3 billion/RM10.75 billion) and other reserve assets (US$2.7 billion/RM12.61 billion).

Total assets stood at RM610.34 billion, comprising gold and foreign exchange, as well as other reserves including SDRs (RM509.36 billion), Malaysian government papers (RM13.01 billion), loans and advances (RM23.99 billion), land and buildings (RM4.14 billion), and other assets (RM59.84 billion).

BNM said capital and liabilities comprised paid-up capital (RM100 million), reserves (RM165.01 billion), currency in circulation (RM158.2 billion), deposits by financial institutions (RM172.78 billion), federal government deposits (RM4.61 billion), other deposits (RM37.87 billion), Bank Negara Malaysia papers (RM36.76 billion), allocation of SDRs (RM29.85 billion), and other liabilities (RM5.16 billion).

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

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