KUALA LUMPUR, June 30 — Bank Negara Malaysia’s (BNM) official reserve assets was at US$130.94 billion (RM420.71 billion) as of end-May 2014, while other foreign currency assets amounted to US$4.45 billion.

In a statement here today, BNM said the detailed breakdown of international reserves under the International Monetary Fund’s (IMF) Special Data Dissemination Standard (SDDS) format indicated that as at end-May, Malaysia’s reserves remained usable and unencumbered.

“For the next 12 months, the pre-determined short-term outflow of foreign currency loans would be at US$267.4 million, arising from scheduled repayments of external borrowings by the government.

BNM said the detailed breakdown of international reserves under the International Monetary Fund’s (IMF) Special Data Dissemination Standard (SDDS) format indicated that as at end-May, Malaysia’s reserves remained usable and unencumbered. — AFP pic
BNM said the detailed breakdown of international reserves under the International Monetary Fund’s (IMF) Special Data Dissemination Standard (SDDS) format indicated that as at end-May, Malaysia’s reserves remained usable and unencumbered. — AFP pic

“The drawdown of project loans amounts to US$2.76 billion in the next 12 months. Long forward positions are at US$850 million as at end-May 2014,” it added.

The central bank said the only contingent short-term net drain on foreign currency assets are government guarantees of foreign debt due within one year, of US$232 million. — Bernama