Bank Negara's international reserves rise to US$118.3bil as at Nov 29, 2024


KUALA LUMPUR: Malaysia's international reserves stood at US$118.3 billion (US$1=RM4.41) as at Nov 29, 2024, compared to US$118.0 billion on Nov 15, 2024.

The reserves position was sufficient to finance 4.6 months of imports of goods and services and was 0.9 times the total short-term external debt, Bank Negara Malaysia (BNM) said in a statement today.

The main components of the reserves were foreign currency reserves (US$105.4 billion), the International Monetary Fund reserves position (US$1.3 billion), special drawing rights (SDRs) (US$5.9 billion), gold (US$3.3 billion), and other reserve assets (US$2.4 billion).

Total assets amounted to RM595.77 billion, comprising gold and foreign exchange and other reserves, including SDRs (RM486.23 billion), Malaysian government papers (RM12.81 billion), deposits with financial institutions (RM4.51 billion), loans and advances (RM26.08 billion), land and buildings (RM4.57 billion) and other assets (RM61.56 billion).

BNM said total capital and liabilities amounted to RM595.77 billion, comprising paid-up capital (RM100 million), reserves (RM177.49 billion), currency in circulation (RM165.58 billion), deposits by financial institutions (RM135.20 billion), federal government deposits (RM6.56 billion), other deposits (RM67.89 billion), Bank Negara papers (RM11.80 billion), allocation of SDRs (RM27.22 billion), and other liabilities (RM3.93 billion). - Bernama

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

DKSH shares soar 68 sen on privatisation proposal
China's consumer inflation quickens to 21-month high, producer deflation persists
Temasek-backed SeaTown secures US$900mil at second close of third private credit fund
Weak undertones on Bursa as Fed decision looms
Ringgit slips vs US$, rises against majors on Fed cut expectations
Fed chair front-runner Hassett says 'plenty of room' to cut rates
Trading ideas: TNB, Zetrix AI, Matrix, Southern Score, DKSH, Perak Transit, FBG, AWC, TechStore, Jentayu, PJBumi, One Gasmaster
S&P 500 ends down as investors await Fed rate decision
FBG wins RM206mil building job
DKSH to take DHMB private for RM6.15 per share

Others Also Read