Bank Negara reserves at US$104.2 bil as at end-Jan

KUALA LUMPUR: The international reserves of Bank Negara Malaysia amounted to US$104.2 bil (RM431.28 bil) as at Jan 31.

In a statement, the central bank said the reserves position was sufficient to finance 7.5 months of retained imports and was 1.1 times the total short-term external debt.

Bank Negara said the main components of the international reserves comprised foreign currency reserves (US$97.7 bil), International Monetary Fund reserves position (US$1.1 bil), special drawing rights (SDRs) (US$1.1 bil), gold (US$1.9 bil) and other reserve assets (US$2.4 bil).

Assets included gold, foreign exchange and other reserves including SDRs, which amounted to RM426.275 bil, Malaysian government papers (RM1.98 bil), deposits with financial institutions (RM1.86 bil), loans and advances (RM7.067 bil), land and buildings (RM4.161 bil) and other assets (RM9.607 bil). – Bernama

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