International reserves at RM422.9 billion as at Jan 13

KUALA LUMPUR: Bank Negara Malaysia’s (BNM) international reserves amounted to RM422.9 billion ( equivalent to US$ 94.3 billion) as at Jan 13, 2017 compared with the RM424.2 billion (US$94.6 billion) recorded as at Dec 30, 2016.

The reserves position is sufficient to finance 8.7 months of retained imports and is 1.3 times the short- term external debt, the central bank said in a statement yesterday.

The main components of the international reserves were foreign currency reserves (US$87.1 billion), International Monetary Fund reserves (US$800 million), special drawing rights ( SDRs) ( US$ 1.1 billion), gold (US$1.4 billion) and other reserve assets (US$3.9 billion).

The central bank’s assets included gold and foreign exchange and other reserves including SDRs ( RM422.877 billion), Malaysian government papers (RM4.235 billion), deposits with financial institutions (RM902.157 million), loans and advances (RM7.788 billion), land and buildings (RM2.113 billion) and other assets ( RM11.256 billion).

Liabilities comprised paid-up capital (RM100 million), reserves (RM145.944 billion), currency in circulation ( RM99.863 billion), deposits by financial institutions (RM160.375 billion), deposits by federal government ( RM14.889 billion), other deposits (RM306.739 million), Bank Negara papers (RM8.612 billion), allocation of SDRs (RM8.118 billion) and other liabilities ( RM10.963 billion). — Bernama