BNM’s international reserves rise 1.8% to US$116.8bil as at Aug 30

BNM’s international reserves rise 1.8% to US$116.8bil as at Aug 30

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 foreign currency reserves, valued at US$104.5 billion.
PETALING JAYA:
Malaysia’s international reserves rose 1.83% to US$116.8 billion (RM506.1 billion) as at Aug 30, from US$114.7 billion (RM497 billion) as at July 31, said Bank Negara Malaysia (BNM).

The central bank said in a statement that 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 at US$104.5 billion (RM452.74 billion), followed by International Monetary Fund reserves at US$1.3 billion (RM5.63 billion), special drawing rights (SDRs) at US$5.7 billion (RM24.69 billion), gold at US$2.9 billion (RM12.56 billion) and other reserves at US$2.4 billion (RM10.39 billion).

Total assets amounted to RM641.56 billion comprising gold and foreign exchange reserves, including SDRs (RM550.45 billion), Malaysian government papers (RM12.27 billion), deposits with financial institutions (RM992.92 million), loans and advances (RM25.44 billion), land and buildings (RM4.13 billion) and other assets (RM48.28 billion).

BNM said total capital and liabilities amounted to RM641.56 billion, comprising paid-up capital (RM100 million), reserves (RM207.9 billion), currency in circulation (RM165.28 billion), deposits by financial institutions (RM146.83 billion), federal government deposits (RM6.09 billion), other deposits (RM66.58 billion), Bank Negara papers (RM15.69 billion), allocation of SDRs (RM29.96 billion), and other liabilities (RM3.14 billion).

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