Economics Local

Malaysia’s reserves at US$102.48b end of April

TheMole
Written by TheMole

KUALA LUMPUR — May 29, 2020: Malaysia’s reserves remained usable as at the end of April, totalling US$102.484 billion, with other foreign currency assets amounting to US$1,511.9 million.

For the next 12 months, the pre-determined short-term outflows of foreign currency loans, securities and deposits, which include scheduled repayment of external borrowings by the government and repayment arising from the maturity of foreign currency Bank Negara interbank bill amount to US$7,775.1 million, said Bank Negara Malaysia (BNM).

The short forward positions amounted to US$12,707.0 million while long forward positions amounted to US$1,480.0 million at the end of April.

The central bank also said in an explanatory note that the data exclude projected foreign currency inflows arising from interest income and the drawdown of project loans amounting to US$2,374.6 million in the next 12 months. This is in line with the practice adopted since April 2006.

According to BNM, the only contingent short-term net drain on foreign currency assets are government guarantees of foreign currency debt due within one year, amounting to US$277.7 million.

Comments

comments

About the author

TheMole

TheMole