KUALA LUMPUR: The detailed breakdown of Malaysia’s international reserves under the International Monetary Fund’s Special Data Dissemination Standard (IMF SDDS) format indicates that as at end-August, the country’s reserves remained usable.
In a statement, Bank Negara Malaysia said official reserve assets amounted to US$100.52bil, while other foreign currency assets amounted to US$1.25bil as at end-August 2017.
The central bank said for the next 12 months, the pre-determined short-term outflows of foreign currency loans arising from scheduled repayment of external borrowings by the government would amount to US$267.6mil.
Meanwhile, the short forward positions amounted to US$15.7bil as at end-August 2017, reflecting the management of ringgit liquidity in the financial system.
The central bank in line with the practice adopted since April 2006, the data excludes projected foreign currency inflows arising from interest income and the drawdown of project loans amounting to US$2.45bil in the next 12 months.
It said the only contingent short-term net drain on foreign currency assets are Government guarantees of foreign debt due within one year, amounting to US$187.4 million.
"There are no foreign currency loans with embedded options, no undrawn, unconditional credit lines provided by or to other central banks, international organisations, banks and other financial institutions.
"Bank Negara Malaysia also does not engage in foreign currency options vis-à- vis ringgit," it said.
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