BNM’s international reserves rise 0.62% to US$113.5bil

BNM’s international reserves rise 0.62% to US$113.5bil

The reserves will be sufficient to finance 5.4 months of imports of goods, says BNM.

BNM said the main component of the international reserves, foreign currency reserves stood at US$100.9 billion.
PETALING JAYA:
As of December 29, 2023, Bank Negara Malaysia’s (BNM) international reserves increased by 0.62% to US$113.5 billion (RM527.9 billion) from the December 15, 2023 figure of US$112.8 billion.

In a statement today, the central bank said the international reserves were sufficient to finance 5.4 months of imports of goods and were 1.0 times the total short-term external debt.

“The reserves level has taken into account the quarterly foreign exchange revaluation changes,” it said.

As at Dec 29, BNM said that of the five main components of the reserves, foreign currency reserves stood at US$100.9 billion (RM 469.29 billion), followed by IMF reserves position (US$1.4 billion), special drawing rights (SDRs) (US$5.8 billion), gold (US$2.6 billion) and other reserve assets (US$2.8 billion).

Total assets stood at RM630.97 billion, comprising gold and foreign exchange and other reserves, including SDRs (RM520.75 billion), Malaysian government papers (RM13.01 billion), loans and advances (RM24.23 billion), land and buildings (RM4.13 billion) and other assets (RM67.64 billion).

BNM said capital and liabilities comprised paid-up capital (RM100 million), reserves (RM186.74 billion), currency in circulation (RM161.82 billion), deposits by financial institutions (RM176.53 billion), federal government deposits (RM3.53 billion), other deposits (RM40.02 billion), Bank Negara papers (RM29.24 billion), allocation of SDRs (RM29.74 billion) and other liabilities (RM3.27 billion).

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