International reserves at US$103.4bil


  • Banking
  • Wednesday, 08 Jul 2020

Bank Negara’s international reserves amounted to US$103.4bil as at June 30 compared with US$102.9bil as at May 29.

KUALA LUMPUR: Bank Negara’s international reserves amounted to US$103.4bil as at June 30 compared with US$102.9bil as at May 29.

In a statement, the central bank said the reserves position was sufficient to finance 8.3 months of retained imports and was 1.1 times total short-term external debt.

The main components of the international reserves (as at June 30,2020) were foreign currency reserves (US$103.4bil), International Monetary Fund reserves position (US$1.3bil), Special Drawing Rights (SDRs) (US$1.1bil), gold (US$2.2bil), and other reserve assets (US$2.2bil).

It said the assets comprised gold and foreign exchange and other reserves, including SDRs, which amounted to RM443.09bil; Malaysian government papers (RM10.47bil); deposits with financial institutions (RM4.41bil); loans and advances (RM16.41bil); land and buildings (RM4.16bil); and other assets (RM11.04bil).

Capital and liabilities comprised paid-up capital (RM100mil), reserves (RM171.13bil), currency in circulation (RM124.96bil), deposits with financial institutions (RM140.62 billion), federal government deposits (RM15.97bil), other deposits (RM12.49bil), Bank Negara papers (RM13.46bil), allocation of SDRs (RM7.93bil), and other liabilities (RM2.91bil). — Bernama

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