KUALA LUMPUR: Bank Negara’s international reserves totalled US$103.39bil (RM444.10bil) as at end-February 2020, said the central bank.
In a detailed disclosure of the country’s international reserves, the central bank said other foreign-currency assets amounted to US$33.8mil (RM145.18mil) as at February 2020.
“Overall, the detailed breakdown of international reserves under the IMF SDDS format indicates that as at end-February 2020, Malaysia’s international reserves remain usable, ” it said in a statement.
For the next 12 months, Bank Negara noted that the predetermined short-term outflows of foreign currency loans, securities and deposits, scheduled repayment of external borrowings by the government and repayment arising from the maturity of foreign currency Bank Negara Interbank Bills, amounted to US$5.29bil.
“The short forward positions amounted to US$13.10bil as at end-February 2020, reflecting the management of ringgit liquidity in the money market, ” it said, adding that this data excluded projected foreign currency inflows arising from interest income and the drawdown of project loans.
Meanwhile, the projected foreign currency inflows totalled US$2.56bil 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 US$227.2mil, ” it added.
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