Bank Negara's international reserves at US$113.6bil as at May 31

KUALA LUMPUR: Bank Negara Malaysia’s (BNM) international reserves amounted to US$113.6 billion (US$1=RM4.72) as at May 31, 2024.

BNM said that the main components of the total US$113.6 billion were foreign currency reserves (US$101.5 billion), International Monetary Fund (IMF) reserves position (US$1.3 billion), special drawing rights (SDRs) (US$5.7 billion), gold (US$2.8 billion), and other reserve assets (US$2.3 billion).

"The reserves position is sufficient to finance 5.4 months of imports of goods and services and is 1.0 times the total short-term external debt,” the central bank said in a statement today.

Total assets stood at RM632.42 billion, comprising gold and foreign exchange and other reserves, including SDRs (RM538.09 billion), Malaysian government papers (RM12.99 billion), deposits with financial institutions (RM19.58 million), loans and advances (RM24.80 billion), land and buildings (RM4.13 billion), and other assets (RM52.38 billion).

BNM said capital and liabilities comprised paid-up capital (RM100.0 million), reserves (RM195.06 billion), currency in circulation (RM165.61 billion), deposits by financial institutions (RM146.51 billion), federal government deposits (RM7.64 billion) and other deposits (RM63.64 billion), Bank Negara papers (RM20.16 billion), allocation of SDRs (RM30.21 billion), and other liabilities (RM3.49 billion). - Bernama