BNM reserves at more than RM400 bil

Kuala Lumpur: The international reserves of Bank Negara Malaysia (BNM) amounted to US$103.6 bil (RM424.92 bil) as at Dec 31, 2019, the central bank said today.

The reserves level has taken into account the quarterly foreign exchange revaluation changes, it added in a statement.

The reserves position is sufficient to finance 7.5 months of retained imports and is 1.1 times total short-term external debt, BNM said.

BNM said the main components of the international reserves comprised foreign currency reserves (US$97.2 bil), International Monetary Fund reserves position (US$1.1 bil), Special Drawing Rights (SDR) (US$1.1 bil), gold (US$1.9 bil) and other reserve assets (US$2.3 bil).

It said assets included gold, foreign exchange and other reserves including  Special Drawing Rights (SDRs) which amounted to RM424.12 bil, Malaysian government papers (RM1.98 bil), deposits with financial institutions (RM2.63 bil), loans and advances (RM7.11 bil), land and buildings (RM4.16 bil) and other assets (RM11.64 bil).

Capital and liabilities comprised paid-up capital (RM100 million), reserves (RM143.22 billion), currency in circulation (RM114.09 billion), deposits by financial institutions (RM163.92 billion), federal government deposits (RM3.57 billion), other deposits (RM542.98 million), Bank Negara Papers (RM15.83 billion), allocation of SDRs (RM7.62 billion), and other liabilities (RM2.74 billion). – Jan 8, 2020 Bernama

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