Bank Ne­gara: RM410b re­serves at end-Septem­ber

The Sun (Malaysia) - - SUNBIZ -

KUALA LUMPUR: Malaysia’s re­serves re­main us­able with the of­fi­cial re­serve as­sets amounted to US$97.67 bil­lion (RM410 bil­lion), while other for­eign cur­rency as­sets amounted to US$616.2 mil­lion as at end-Septem­ber 2016, ac­cord­ing to Bank Ne­gara Malaysia (BNM).

BNM said for the next 12 months, the pre-de­ter­mined short-term out­flows of for­eign cur­rency loans aris­ing from sched­uled re­pay­ment of ex­ter­nal bor­row­ings by the gov­ern­ment would amount to US$242.3 mil­lion.

In line with the prac­tice adopted since April 2006, the data ex­clude pro­jected for­eign cur­rency in­flows aris­ing from in­ter­est in­come and the draw­down of project loans amount­ing to US$2.36 bil­lion in the next 12 months.

“The only con­tin­gent short-term net drain on for­eign cur­rency as­sets are gov­ern­ment guar­an­tees of for­eign debt due within one year, amount­ing to US$80.6 mil­lion. There are no for­eign cur­rency loans with em­bed­ded op­tions, no un­drawn, un­con­di­tional credit lines pro­vided by or to other cen­tral banks, in­ter­na­tional or­gan­i­sa­tions, banks and other fi­nan­cial in­sti­tu­tions. BNM also does not en­gage in for­eign cur­rency op­tions vis-a-vis ring­git,” said BNM.

Over­all, the de­tailed break­down of in­ter­na­tional re­serves un­der the IMF’s Spe­cial Data Dis­sem­i­na­tion Stan­dard for­mat in­di­cates that as at end-Septem­ber 2016, Malaysia’s re­serves re­main us­able.

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