KUALA LUMPUR, July 31 — The detailed breakdown of Malaysia’s international reserves under the International Monetary Fund’s Special Data Dissemination Standard (IMF SDDS) format indicates that as at end-June 2014, it remained usable and unencumbered.

Bank Negara Malaysia(BNM) in a statement here, explained that in accordance with the IMF SDDS format, the detailed breakdown of international reserves provides forward-looking information on the size, composition and usability of reserves and other foreign currency assets.

It also provides the expected and potential future inflows and outflows of foreign exchange of the Federal government and BNM over the next 12-month period.

Earlier this month, BNM reported its international reserves stood at US$131.86 billion (RM420.42) as at June 30, 2014.

It said the reserves position was sufficient to finance 9.0 months of retained imports and was 1.3 times the short-term external debt.

Besides the official reserve assets as reported earlier, the central bank in its detailed breakdown of international reserves based on the SDDS format today stated its other foreign currency assets amounted to US$4.82 billion as at end-June 2014.

As shown in the detailed disclosure for the next 12 months, the pre-determined short-term outflow of foreign currency loans would amount to US$1.52 billion arising from scheduled repayments of external borrowings by the Government, mainly the maturing of 1Malaysia Sukuk Global (US$1.25 billion) in June 2015.

BNM said in line with the practice adopted since April 2006, the data excludes projected foreign currency inflows arising from interest income and the drawdown of project loans amounting to US$2.73 billion in the next 12 months.

Meanwhile, the detailed breakdown also shown the long forward positions amounted to US$300 million as at end-June 2014.

BNM said the only contingent short-term net drain on foreign currency assets are government guarantees of foreign debt due within one year, amounting to US$227.8 million.

It added that there are no foreign currency loans with embedded options, no undrawn, unconditional credit lines provided by or to other central banks, international organisations, banks and other financial institutions.

BNM also does not engage in foreign currency options vis-a-vis the ringgit, the statement said. — Bernama