FRIDAY, JULY 7 KUALA LUMPUR- Release of May 2017 External Trade Statistics at 1200 (0400 GMT) KUALA LUMPUR- Release of Bank Negara's foreign reserves as at 30 June 2017 at 1500 (0700 GMT)
KUALA LUMPUR: Bank Negara international reserves stood at US$98.9bil, equivalent to RM424.8bil as at June 30, 2017, from US$98.7bil or RM436.1bil on June 15, 2017.
The central bank noted that the level of reserves continued to increase in US dollar terms.
“However, in ringgit terms, it declined following stronger ringgit during the second quarter,” it said in a statement on Friday.
The reserves position is sufficient to finance 7.9 months of retained imports and is 1.1 times the short-term external debt.
The main components of the reserves are foreign currency reserves (US$92.5bil), International Monetary Fund reserves position US$800mil, Special Drawing Rights or SDRs (US$1.1bil), gold (US$1.5bil) and other reserve assets (US$3bil).
Bank Negara’s asset include gold and foreign exchange and other reserves including SDRs (RM424.8bil), Malaysian government papers (RM4.6bil), deposits with financial institutions (RM5.0bil), loans and advances (RM7.6bil), land and buildings (RM2.1bil) and other assets (RM6.8bil).
Its liabilities comprise paid-up capital (RM100mil), reserves (RM145.96bil), currency in circulation (RM105.3bil), deposits by financial institutions (RM170.5bil), deposits by federal government (RM8.7bil), other deposits (RM965.3mil), Bank Negara papers (RM7.25bil), allocation of SDRs (RM8.0bil) and other liabilities (RM4.03bil)
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