BNM’s international reserves slip nearly 1% to US$114.3bil as at Feb 29

BNM’s international reserves slip nearly 1% to US$114.3bil as at Feb 29

The reserves position is sufficient to finance 5.4 months of imports of goods and services, says the central bank.

Foreign currency reserves, totalling US$101.8 billion, is the main component of the international reserves.
PETALING JAYA:
Bank Negara Malaysia’s (BNM) international reserves dropped almost 1% to US$114.3 billion (RM537.04 billion) as at Feb 29 compared with US$115.4 billion (RM550.57 billion) on Feb 15, said Bank Negara Malaysia (BNM).

In a statement, the central bank said the reserves position was sufficient to finance 5.4 months of imports of goods and services and was one time the total short-term external debt.

The main components of the reserves were foreign currency reserves which stood at US$101.8 billion (RM478.31 billion), followed by International Monetary Fund reserves (US$1.4 billion or RM6.58 billion), special drawing rights (SDRs) (US$5.8 billion or RM27.25 billion), gold (US$2.6 billion or RM12.22 billion) and other reserve assets (US$2.7 billion or RM12.69 billion).

Total assets stood at RM629.17 billion, comprising gold and foreign exchange and other reserves, including SDRs (RM524.44 billion), Malaysian government papers (RM13 billion), deposits with financial institutions (RM2.41 billion), loans and advances (RM24.51 billion), land and buildings (RM4.13 billion), and other assets (RM60.68 billion).

BNM said capital and liabilities comprised paid-up capital (RM100 million), reserves (RM187.42 billion), currency in circulation (RM167.37 billion), deposits by financial institutions (RM169.44 billion), federal government deposits (RM4.24 billion) and other deposits (RM39.65 billion), Bank Negara papers (RM27.47 billion), allocation of SDRs (RM29.74 billion), and other liabilities (RM3.75 billion).

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