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BNM's international reserves expand to US$105.2 bln as of Oct 31

7 Nov 2022, 8:10 AM
BNM's international reserves expand to US$105.2 bln as of Oct 31

KUALA LUMPUR, Nov 7 — Bank Negara Malaysia’s (BNM) international reserves amounted to US$105.2 billion as of October 31, 2022, up from US$104.5 billion as of October 14, 2022.

In a statement today, BNM said the reserves position is sufficient to finance 5.5 months of imports of goods and services and is 1.1 times of the total short-term external debt.

It said the main components of the international reserves were foreign currency reserves (US$93.7 billion), International Monetary Fund reserves position (US$1.3 billion), Special Drawing Rights (SDRs) (US$5.5 billion), gold (US$2.1 billion), and other reserve assets (US$2.6 billion).

The assets comprised gold and foreign exchange and other reserves including SDRs (RM487.79 billion), Malaysian government papers (RM12.36 billion), loans and advances (RM23.63 billion), land and buildings (RM4.14 billion), and other assets (RM55.11 billion).

The central bank added that capital and liabilities comprised paid-up capital (RM100 million), reserves (RM155.24 billion), currency in circulation (RM157.86 billion), deposits by financial institutions (RM183.47 billion), federal government deposits (RM9.69 billion), other deposits (RM34.20 billion), Bank Negara papers (RM9.64 billion), allocation of SDRs (RM28.70 billion), and other liabilities (RM4.13 billion).

— Bernama

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