Bank Negara’s reserves unchanged at US$95bil

PETALING JAYA: Bank Negara’s international reserves remained unchanged at US$95bil (RM426.3bil) as of Feb 28, 2017.

The central bank said the reserves position was sufficient to finance 8.5 months of retained imports and was 1.1 times the country’s shortterm external debt.

In the announcement, Bank Negara said the reserves were made up of US$87.9bil in foreign currency reserves, US$0.8bil International Monetary Fund reserves position, US$1.1bil in holdings of Special Drawing Rights (SDRs), US$1.4bil in gold and US$3.8bil consisted of other assets.

On Feb 15, Bank Negara stated that its international reserves stood at US$95bil. At the time, Bank Negara said the reserves position was sufficient to finance 8.4 months of retained imports and was also 1.1 times the short-term external debt.

In its statement of assets and liabilities yesterday, Bank Negara said that its assets were made up of gold and foreign exchange and other reserves including SDRs (RM426.26bil), Malaysian government papers (RM3.86bil), deposits with financial institutions (RM1.76bil), loans and advances (RM7.78bil), land and buildings (RM2.11bil) and other assets (RM8.74bil).

Its liabilities consist of paid-up capital (RM100mil), reserves (RM147.39bil), currency in circulation (RM99.82bil), deposits by financial institutions (RM171.63bil), deposits by the federal government (RM6.32bil), deposits by others (RM359.17mil), Bank Negara papers (RM9.46bil), allocation of SDRs (RM8.11bil) and other liabilities (RM7.29bil).