The reserves position is sufficient to finance 5.7 months of imports of goods and services and is 1.1 times the total short-term external debt, the central bank said in a statement today.

The international reserves were recorded at US$116.2 billion (RM517.73 billion) as of Jan 14 this year, and reportedly sufficient to finance 7.4 months of retained imports.

BNM said the main components of the international reserves were foreign currency reserves at US$94.6 billion (RM421.49 billion), International Monetary Fund reserves position at US$1.3 billion (RM5.79 billion), special drawing rights (SDRs) at US$5.7 billion (RM25.4 billion), gold at US$2.3 billion, (RM10.25 billion) and other reserve assets amounting to US$3.1 billion (RM13.81 billion).

The assets comprised gold, foreign exchange and other reserves including SDRs (RM471.04 billion), Malaysian government papers (RM12.12 billion), loans and advances (RM23.65 billion), land and buildings (RM4.14 billion) and other assets (RM29 billion).

Meanwhile, capital and liabilities comprised paid-up capital (RM100 million), reserves (RM161.23 billion), currency in circulation (RM159.71 billion), deposits by financial institutions (RM161.42 billion), federal government deposits (RM7.99 billion), other deposits (RM12.15 billion), Bank Negara papers (RM5.76 billion), allocation of SDRs (RM28.25 billion) and other liabilities (RM3.33 billion).