AmBank Research expects Bank Negara Malaysia
KUALA LUMPUR: Bank Negara Malaysia's official reserve assets amounted to US$104,405mil as at end-August 2018 while other foreign currency assets amounted to US$120.3mil, a detailed breakdown of the central bank's international reserves show.
"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 USD24.0 million," it said in a statement issued on Friday.
The short forward positions amounted to US$17,684.3mil, reflecting the management of ringgit liquidity in the financial market.
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 USD2,618.5 million in the next 12 months.
"The only contingent short-term net drain on foreign currency assets are Government guarantees of foreign currency debt due within one year, amounting to USD108.6 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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