KUALA LUMPUR, March 31 —  Malaysia’s reserves remained usable and unencumbered as at end-February 2015, based on the detailed breakdown of international reserves under the International Monetary Fund’s Special Data Dissemination Standard (SDDS) format.

Bank Negara Malaysia (BNM) said in a statement today, official reserve assets amounted to US$110.48 billion (RM409.91 billion), while other foreign currency assets amounted to US$1.05 billion.

For the next 12 months, the central bank said the pre-determined short-term outflow of foreign currency loans would amount to US$1.46 billion, arising from scheduled repayments of external borrowings by the government.

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$2.86 billion in the next 12 months.  

“There are no long forward positions as at end-February 2015,” 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$82 million. — Bernama