Msia’s international reserves rise 0.45% to US$112.8bil

Msia’s international reserves rise 0.45% to US$112.8bil

The foreign currency reserves, one of the main components of the reserves, stood at US$100.7 billion, says BNM.

BNM said Malaysia’s international reserves position is sufficient to finance 5.5 months of goods and services imports.
PETALING JAYA:
Bank Negara Malaysia’s (BNM) international reserves rose to US$112.8 billion (RM522.43 billion) as at Dec 15, 2023, from US$112.3 billion (RM520.12 billion) as at Nov 30, 2023.

The central bank said in a statement today that the reserves position was sufficient to finance 5.5 months of imports of goods and services and was one time the total short-term external debt.

It said the main components of the international reserves were foreign currency reserves (US$100.7 billion), International Monetary Fund reserves position (US$1.3 billion), special drawing rights (SDRs) (US$5.7 billion), gold (US$2.3 billion) and other reserve assets (US$2.8 billion).

Total assets stood at RM638.65 billion, comprising gold and foreign exchange and other reserves, including SDRs (RM529.64 billion), Malaysian government papers (RM13.01 billion), loans and advances (RM24.17 billion), land and buildings (RM4.14 billion) and other assets (RM67.69 billion).

BNM said capital and liabilities comprised paid-up capital (RM100 million), reserves (RM185.13 billion), currency in circulation (RM160.68 billion), deposits by financial institutions (RM181.01 billion), federal government deposits (RM5.12 billion), other deposits (RM39.09 billion), Bank Negara papers (RM33.74 billion), allocation of SDRs (RM29.85 billion) and other liabilities (RM3.93 billion).

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