Bank Negara foreign reserves remain at US$103.2bil

  • Business
  • Saturday, 07 Dec 2019

KUALA LUMPUR: Bank Negara Malaysia’s (BNM) international reserves remained unchanged for three straight periods at US$103.2bil as at Nov 29 from Oct 31.

In a statement, the central bank said the reserves position is sufficient to finance 7.7 months of retained imports and is 1.1 times the total short-term external debt.

Bank Negara said the main components of the international reserves comprised foreign currency reserves at US$96.8bil, International Monetary Fund reserves position (US$1.1bil), Special Drawing Rights (SDRs) (US$1.1bil), gold (US$1.9bil), and other reserve assets (US$2.3bil).

It said assets included gold and foreign exchange and other reserves, including SDRs, which amounted to RM432bil, Malaysian government papers (RM1.98bil), loans and advances (RM7bil), land and buildings (RM4.16bil), and other assets (RM10.22bil).

Capital and liabilities comprised paid-up capital (RM100mil), reserves (RM144.96bil), currency in circulation (RM110.46bil), deposits by financial institutions (RM158.52bil), federal government deposits (RM10.93bil), other deposits (RM2.05 bil), Bank Negara papers (RM18.46 bil), allocation of SDRs (RM7.68 bil), and other liabilities (RM2.2 bil).-— Bernama

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