Bank Negara reserves at US$105bil


In a statement, the central bank said the reserves level had taken into account the quarterly foreign exchange revaluation changes. It said the reserves position was sufficient to finance 8.4 months of retained imports and was 1.1 times total short-term external debt.

PETALING JAYA: Bank Negara’s international reserves stood at US$105bil as at Sept 30,2020.

In a statement, the central bank said the reserves level had taken into account the quarterly foreign exchange revaluation changes. It said the reserves position was sufficient to finance 8.4 months of retained imports and was 1.1 times total short-term external debt.

The central bank said the main components of the international reserves were foreign currency reserves (US$97.8bil), International Monetary Fund reserves position (US$1.3bil), Special Drawing Rights (SDRs; US$1.2bil), gold (US$2.3bil), and other reserve assets (US$2.4bil).

The assets comprised gold and foreign exchange and other reserves, including SDRs amounting to RM436.46bil; Malaysian government papers (RM10.99bil); deposits with financial institutions (RM5.21bil); loans and advances (RM16.73bil); land and buildings (RM4.16 bil); and other assets (RM15.33bil).

The central bank added that capital and liabilities comprised paid-up capital (RM100mil); reserves (RM170.09bil); currency in circulation (RM126.37 bil); deposits by financial institutions (RM143.06bil), federal government deposits (RM10.26bil) and other deposits (RM9.85bil); Bank Negara papers (RM15.92bil); and allocation of SDRs (RM7.86bil). – Bernama

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