Business

BNM’s international reserves at RM399.6 bln on Nov 30

mole-bnm-bank-negara-malaysia1

Syndicated News
Written by Syndicated News

KUALA LUMPUR, Dec 7 2016 : The international reserves of Bank Negara Malaysia(BNM) amounted to RM399.643 billion (equivalent to US$96.4 billion) as at Nov 30, 2016 compared with RM407.839 billion (US$98.3 billion) recorded as at Nov 15, 2016.

The lower international reserves position reflected the liquidity support in the foreign exchange market, BNM said in a statement today.

The reserves position, as at Nov 30, 2016, was sufficient to finance 8.3 months of retained imports and was 1.2 times the short-term external debt.

The main components of the international reserves were foreign currencyreserves (US$89.l billon), International Monetary Fund Reserves (US$0.8 billion), Special Drawing Rights (SDRs) (US$1.1 billion), Gold (US$1.6 billion)
and other Reserve Assets (US$3.8 billion).

The central bank’s assets included gold and foreign exchange and other reserves including SDRs (RM399.643 billion), Malaysian government papers (RM3.576 billion), deposits with financial institutions (RM1.579 billion), loans
and advances (RM7.719 billion), land and buildings (RM2.113 billion) and other assets (RM8.253 billion).

Liabilities comprised paid-up capital (RM100 million), reserves (RM123.832 billion), currency in circulation (RM92.683 billion), deposits by financial institutions (RM175.717 billion), deposits by federal government (RM4.242 billion), other deposits (RM395.807 million), Bank Negara papers (RM6.638 billion), allocation of SDRs (RM7.759 billion)and other liabilities (RM11.517 billion).  – Bernama

Comments

comments

About the author

Syndicated News

Syndicated News

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