The central bank said the detailed breakdown of international reserves provides forward-looking information on the size, composition, and usability of reserves and other foreign currency assets in accordance with the International Monetary Fund’s (IMF) special data dissemination standard (SDDS) format.

BNM said it also provides guidance on the expected and potential future inflows and outflows of foreign exchange of the federal government and BNM over the next 12-month period.

“Overall, the detailed breakdown of international reserves under IMF’s SDDS format indicates that as at end-March, Malaysia’s international reserves remain usable,” it said in a statement today.

BNM said for the next 12 months, the predetermined short-term outflows of foreign currency loans, securities, and deposits, which include among others, scheduled repayment of external borrowings by the government and the maturity of foreign currency Bank Negara interbank bills, amounted to US$13.24 billion (RM63.13 billion).

“The net short forward positions amounted to US$26.71 billion (RM127.37 billion) reflecting the management of ringgit liquidity in the money market,” it added.

In line with the practice adopted since April 2006, BNM said the data excludes projected foreign currency inflows arising from interest income and the drawdown of project loans.

“Projected foreign currency inflows amount to US$2.5 billion (RM11.92 billion) in the next 12 months,” it added.

BNM said the only contingent short-term net drain on foreign currency assets is government guarantees of foreign currency debt due within one year, amounting to US$400.8 million (RM1,911.55 million).

“There are no foreign currency loans with embedded options, no undrawn, unconditional credit lines provided by or to other central banks, international organisations, banks, and other financial institutions.

“Bank Negara Malaysia also does not engage in foreign currency options vis-à-vis the ringgit,” it said.