BNM’s international reserves slip 0.4% to US$113.3bil

BNM’s international reserves slip 0.4% to US$113.3bil

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 billion.
PETALING JAYA:
Bank Negara Malaysia’s (BNM) international reserves fell 0.4% to US$113.3 billion (RM530.42 billion) as at July 15, 2024, down from US$113.8 billion (RM532.76 billion) as at June 28, 2024.

In a statement today, 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.

BNM said the main components of the international reserves were foreign currency reserves at US$101 billion (RM472.84 billion)), International Monetary Fund reserves position at US$1.3 billion (RM6.08 billion), Special Drawing Rights (SDRs) at US$5.7 billion (RM26.68 billion), gold at US$2.9 billion (RM13.57 billion), and other reserve assets at US$2.4 billion (RM11.23 billion).

“The assets included gold and foreign exchange and other reserves, including SDRs (RM534.95 billion), Malaysian government papers (RM12.77 billion), deposits with financial institutions (RM9.69 billion), loans and advances (RM25.06 billion), land and buildings (RM4.12 billion), and other assets (RM51.21 billion),” it said.

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