Bank Negara’s international reserves slip to US$104.6 billion as at Oct 30

Bank Negara’s international reserves slip to US$104.6 billion as at Oct 30

The central bank says the reserves are enough to meet 8.4 months of imports.

The central bank said among the main components of the international reserves included foreign currency reserves and gold.
KUALA LUMPUR:
Bank Negara Malaysia’s (BNM) international reserves amounted to US$104.6 billion as at Oct 30, easing from US$105.2 billion a fortnight earlier.

In a statement today, BNM said the reserves position was sufficient to finance 8.4 months of retained imports and was one time the total short-term external debt.

The central bank said the main components of the international reserves were foreign currency reserves (US$97.1 billion), International Monetary Fund reserves (US$1.4 billion), Special Drawing Rights (SDRs – US$1.2 billion), gold (US$2.4 billion), and other reserve assets (US$2.5 billion).

The assets comprised gold and foreign exchange and other reserves, including SDRs amounting to RM434.85 billion; Malaysian government papers (RM10.98 billion); deposits with financial institutions (RM6.67 billion); loans and advances (RM17.32 billion); land and buildings (RM4.16 billion); and other assets (RM13.13 billion).

The central bank added that capital and liabilities included reserves (RM167.28 billion), currency in circulation (RM128.12 billion), deposits by financial institutions (RM142.04 billion), federal government deposits (RM8.37 billion) and other deposits (RM12.86 billion), Bank Negara papers (RM14.92 billion), allocation of SDRs (RM7.85 billion), and other liabilities (RM5.55 billion).

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