Money
Bank Negara’s international reserves remain unchanged at US$95b
A general view of the headquarters of Malaysiau00e2u20acu2122s central bank, Bank Negara Malaysia, in Kuala Lumpur, January 29, 2013. u00e2u20acu201d Reuters pic

KUALA LUMPUR, March 7 — Bank Negara Malaysia (BNM)'s international reserves remained unchanged at US$95 billion (equivalent to RM426.3 billion) as at Feb 28, 2017 when compared with Jan 31, 2017.

"The reserves position is sufficient to finance 8.5 months of retained imports and is 1.1 times the short-term external debt," BNM said in a statement today.

Short-term external debt includes short-term offshore borrowing, non-resident holdings of short-term ringgit debt securities, non-resident deposits with the banking system and other short-term debt.

The main components of the international reserves were foreign currency reserves (US$87.9 billion), International Monetary Fund reserves position (US$0.8 billion), Special Drawing Rights (SDRs) (US$1.1 billion), gold (US$1.4 billion) and other reserve assets (US$3.8 billion).

The central bank's assets included gold and foreign exchange and other reserves including SDRs (RM426.261 billion), Malaysian government papers (RM3.860 billion), deposits with financial institutions (RM1.765 billion), loans and advances (RM7.781 billion), land and buildings (RM2.114 billion) and other assets (RM8.740 billion).

Its liabilities comprised paid-up capital (RM100 million), reserves (RM147.391 billion), currency in circulation (RM99.829 billion), deposits by federal institutions (RM171.634 billion), deposits by federal government (RM6.329 billion), other deposits (RM359.174 million), Bank Negara papers (RM9.466 billion), allocation of SDRs (RM8.118 billion) and other liabilities (RM7.294 billion). — Bernama

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