BNM’s international reserves at RM436.1 billion

KUALA LUMPUR: Bank Negara Malaysia (BNM)’s international reserves amounted to US$98.7 billion (equivalent to RM436.1 billion) as at June 15, 2017 compared with US$98.0 billion (equivalent to RM433.3 billion) as at May 31, 2017.

“The reserves position is sufficient to finance 8.2 months of retained imports and is 1.1 times the short-term external debt,” BNM said in a statement yesterday.

The main components of the international reserves were foreign currency reserves (US$92.3 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$3.0 billion). The central bank’s assets included gold and foreign exchange and other reserves including SDRs (RM436.076 billion), Malaysian government papers (RM4.128 billion), deposits with financial institutions (RM5.730 billion), loans and advances (RM7.630 billion), land and buildings (RM2.113 billion) and other assets (RM7.316 billion).

Its liabilities comprised paid-up capital (RM100 million), reserves (RM150.482 billion), currency in circulation (RM104.274 billion), deposits by financial institutions (RM175.744 billion), deposits by federal government (RM11.346 billion), other deposits (RM613.759 million), Bank Negara papers (RM7.759 billion), allocation of SDRs (RM8.077 billion) and other liabilities (RM4.597 billion). — Bernama