Bank Negara's international reserves rise to US$110.9bil as at Aug 15


KUALA LUMPUR: Bank Negara Malaysia’s (BNM) international reserves rose to US$110.9 billion (US$1=RM4.48) as of Aug 15, 2022, from US$109.2 billion on July 29, 2022.

The reserves position is sufficient to finance 5.5 months of imports of goods and services, and is 1.1 times of the total short-term external debt, the central bank said in a statement today.

BNM said the main components of the international reserves were foreign currency reserves (US$98.5 billion), International Monetary Fund reserves position (US$1.3 billion), special drawing rights (SDRs) (US$5.7 billion), gold (US$2.3 billion) and other reserve assets (US$3.1 billion).

The assets comprised gold, foreign exchange and other reserves including SDRs (RM488.47 billion), Malaysian government papers (RM12.12 billion), loans and advances (RM23.62 billion), land and buildings (RM4.14 billion) and other assets (RM33.61 billion).

Meanwhile, capital and liabilities comprised paid-up capital (RM100 million), reserves (RM168.77 billion), currency in circulation (RM157.38 billion), deposits by financial institutions (RM173.78 billion), federal government deposits (RM10.22 billion), other deposits (RM12.32 billion), Bank Negara papers (RM7.43 billion), allocation of SDRs (RM28.25 billion) and other liabilities (RM3.73 billion). - Bernama

Article type: free
User access status:
Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!

   

Next In Business News

CPO futures to trade with upward bias next week
C.H.S. Steelworks and RelianZ sign MOU on equipment supply for Singaporean flood pumping station
Imbalances in aviation value chain
Forget what you’ve learned about investing
Building the base for a better 2023
Pandemic opens growth opportunities for Demogates
Here’s how shareholder democracy works
Taking a bet on NFOs
Dynamic scheduling fails companies and workers
Tech layoffs – hiring boon for surviving startups

Others Also Read