BNM’s international reserves dip 0.5% to US$112.8bil as at April 30

BNM’s international reserves dip 0.5% to US$112.8bil as at April 30

The reserves position is sufficient to finance 5.5 months of imports of goods and services.

bank negara
The main component of BNM’s international reserves is the foreign currency reserves, valued at US$100.6 billion.
PETALING JAYA:
Bank Negara Malaysia’s (BNM) international reserves declined by 0.5% to US$112.8 billion (RM535.36 billion) as at April 30, down from US$113.4 billion (RM538.22 billion) as at April 15, 2024.

In a statement today, the central bank said that the main components of the total US$112.8 billion were foreign currency reserves at US$100.6 billion (RM477.45 billion); International Monetary Fund (IMF) reserves position at US$1.4 billion (RM6.64 billion); special drawing rights (SDRs) at US$5.7 billion (RM27.05 billion); gold at US$2.8 billion (RM13.28 billion); and other reserve assets at US$2.3 billion (RM10.91 billion).

“The reserves position is sufficient to finance 5.5 months of imports of goods and services, and is one time the total short-term external debt,” it said.

Total assets stood at RM629.49 billion, comprising gold and foreign exchange and other reserves including SDRs (RM534.25 billion), Malaysian government papers (RM13 billion), deposits with financial institutions (RM1.9 billion), loans and advances (RM24.61 billion), land and buildings (RM4.13 billion), and other assets (RM51.61 billion).

BNM said capital and liabilities comprised paid-up capital (RM100 million), reserves (RM190.52 billion), currency in circulation (RM166.54 billion), deposits by financial institutions (RM149.22 billion), federal government deposits (RM6.61 billion) and other deposits (RM63.4 billion), Bank Negara papers (RM18.65 billion), allocation of SDRs (RM30.21 billion), and other liabilities (RM4.25 billion).

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