Economics

Bank Negara’s international reserves up to RM431b

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Syndicated News
Written by Syndicated News

KUALA LUMPUR — Aug. 22, 2017: Bank Negara Malaysia’s (BNM) international reserves amounted to US$100.4 billion (RM431.0 billion) as at Aug 15, 2017, compared with US$99.4 billion (RM427 billion) registered as at July 31, 2017.

This is sufficient to finance 7.9 months of retained imports and is 1.1 times the short-term external debt.

The main components were foreign currency reserves (US$93.9 billion), International Monetary Fund reserves (US$0.8 billion), Special Drawing Rights (US$1.2 billion), gold (US$1.5 billion) and other reserves (US$3.0 billion).

The assets included gold and foreign exchange and other reserves, including SDRs (RM431.021 billion), Malaysian government papers (RM5.355 billion), deposits with financial institutions (RM3.434 billion), loans and advances (RM7.829 billion), land and buildings (RM2.113 billion) and other assets (RM7.297 billion). — Bernama

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