BNM’s international reserves rise 0.5% to US$115bil as at Feb 15

BNM’s international reserves rise 0.5% to US$115bil as at Feb 15

The reserves position is sufficient to finance 5.5 months of imports of goods and services, says the central bank.

The main component of BNM’s international reserves is the foreign currency reserves which stand at US$102.9 billion.
PETALING JAYA:
Bank Negara Malaysia’s (BNM) international reserves rose 0.5% to US$115.4 billion (RM550.57 billion) as at Feb 15, from US$114.8 billion (RM547.71 billion) as at Jan 31.

In a statement, the central bank said the reserves position was sufficient to finance 5.5 months of imports of goods and services, and was one times the total short-term external debt.

The main components of the reserves were foreign currency reserves which stood at US$102.9 billion (RM490.94 billion), followed by International Monetary Fund reserves at US$1.4 billion (RM 6.68 billion), special drawing rights (SDRs) at US$5.8 billion (RM 27.67 billion), gold at US$2.6 billion (RM 12.40 billion), and other reserve assets at US$2.7 billion (RM12.88 billion).

Total assets stood at RM634.18 billion, comprising gold and foreign exchange and other reserves, including SDRs (RM529.72 billion), Malaysian government papers (RM13 billion), deposits with financial institutions (RM1.31 billion), loans and advances (RM24.48 billion), land and buildings (RM4.13 billion), and other assets (RM61.53 billion).

BNM said capital and liabilities comprised paid-up capital (RM100 million), reserves (RM186.31 billion), currency in circulation (RM169.88 billion), deposits by financial institutions (RM156.39 billion), federal government (RM18.26 billion) and others (RM39.57 billion), Bank Negara papers (RM30.71 billion), allocation of SDRs (RM29.74 billion), and other liabilities (RM3.24 billion).

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