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BNM’s international reserves drop to US$112.2bil as at Aug 15

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Reserves position sufficient to finance 5.2 months of imports of goods and services.

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Free Malaysia Today
Bank Negara Malaysia said the reserves position amounted to one time the total short-term external debt.

PETALING JAYA:
Bank Negara Malaysia’s (BNM) international reserves dropped 0.6% to US$112.2 billion as at Aug 15 from US$112.9 billion on July 31.

In a statement today, the central bank said the reserves position was sufficient to finance 5.2 months of imports of goods and services and amounted to one time the total short-term external debt.

The main components of the international reserves were foreign currency reserves (US$99.7 billion), International Monetary Fund reserves position (US$1.4 billion), special drawing rights (SDRs) (US$5.7 billion), gold (US$2.4 billion) and other reserve assets (US$3 billion).

Meanwhile, total assets stood at RM624.28 billion, comprising gold and foreign exchange and other reserves, including SDRs (RM525.53 billion), Malaysian government papers (RM12.84 billion), loans and advances (RM23.71 billion), land and buildings (RM4.14 billion) and other assets (RM58.05 billion).

BNM said capital and liabilities comprised paid-up capital (RM100 million), reserves (RM179.22 billion), currency in circulation (RM158.30 billion), deposits by financial institutions (RM167.47 billion), federal government deposits (RM14.93 billion), other deposits (RM37.36 billion), Bank Negara papers (RM32.78 billion), allocation of SDRs (RM29.96 billion) and other liabilities (RM4.17 billion).

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