Bank Negara’s international reserves at RM425.4 billion


Syndicated News
Written by Syndicated News

KUALA LUMPUR, July 21 2017 : Bank Negara Malaysia’s (BNM) international reserves amounted to US$99.1 billion (RM425.4 billion), as at July 14, 2017, compared with US$98.9 billion (RM424.8 billion) registered as at June 30, 2017.

“The reserves position is sufficient to finance 7.9 months of retained imports and is 1.1 times the short-term external debt,” BNM said in a statement today.

The main components of the international reserves were foreign currency reserves (US$92.4 billion), International Monetary Fund reserves position (US$0.8 billion), Special Drawing Rights (SDRs) (US$1.1 billion), gold (US$1.5 billion) and other reserve assets (US$3.3 billion).

The assets included gold and foreign exchange and, other reserves including SDRs (RM425.43 billion), Malaysian government papers (RM5.186 billion), deposits with financial institutions (RM6.184 billion), loans and advances (RM7.843 billion), land and buildings (RM2.11 billion) and other assets (RM7.06 billion). – Bernama



About the author

Syndicated News

Syndicated News

News sourced from Bernama, Reuters, AFP and other accredited news agencies, including credible blogsites and news portals.