BNM’s international reserves drop 0.3% to US$113.8bil

BNM’s international reserves drop 0.3% to US$113.8bil

The reserves position is sufficient to finance 5.4 months of imports of goods and services.

Bank Negara Malaysia
The main component of BNM’s international reserves is the foreign currency reserves, valued at US$101.6 billion.
PETALING JAYA:
Bank Negara Malaysia’s (BNM) international reserves decreased by 0.3% to US$113.8 billion (RM535.92 billion) as at June 28, 2024, down from US$114.1 billion (RM537.34 billion) as at June 14, 2024.

“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 central bank said in a statement.

The main components of the reserves were foreign currency reserves, which stood at US$101.6 billion (RM478.45 billion), followed by International Monetary Fund reserves at US$1.3 billion (RM6.12 billion), special drawing rights (SDRs) at US$5.7 billion (RM26.84 billion), gold at US$2.9 billion (RM13.65 billion) and other reserve assets at US$2.3 billion (RM10.83 billion).

Total assets stood at RM639.88 billion, comprising gold and foreign exchange and other reserves, including SDRs (RM537.28 billion), Malaysian government papers (RM12.91 billion), deposits with financial institutions (RM2.41 billion), loans and advances (RM24.96 billion), land and buildings (RM4.13 billion) and other assets (RM58.2 billion).

BNM said capital and liabilities comprised paid-up capital (RM100 million), reserves (RM199.64 billion), currency in circulation (RM166.44 billion), deposits by financial institutions (RM153.14 billion), federal government deposits (RM5.86 billion) and other deposits (RM62.87 billion), Bank Negara papers (RM18.65 billion), allocation of SDRs (RM29.96 billion), and other liabilities (RM3.22 billion).

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