CURRENT

US$112.2 bln in international reserves as of Aug 15 — BNM

22 Aug 2023, 8:34 AM
US$112.2 bln in international reserves as of Aug 15 — BNM

KUALA LUMPUR, Aug 22 — Bank Negara Malaysia’s (BNM) international reserves amounted to US$112.2 billion (RM521.5 billion) as of August 15, 2023. It was US$112.9 billion on July 31, 2023.

In a statement today, the central bank said the reserves position is sufficient to finance 5.2 months of goods and services imports, and is one time the total short-term external debt.

The main components of the international reserves were foreign currency reserves (US$99.7 billion), International Monetary Fund reserves position (US$1.4 billion), special drawing rights (SDRs) (US$5.7 billion), gold (US$2.4 billion) and other reserve assets (US$3 billion).

Total assets stood at RM624.28 billion, comprising gold and foreign exchange and other reserves, including SDRs (RM525.53 billion), Malaysian government papers (RM12.84 billion), loans and advances (RM23.71 billion), land and buildings (RM4.14 billion) and other assets (RM58.05 billion).

BNM said capital and liabilities comprised paid-up capital (RM100 million), reserves (RM179.22 billion), currency in circulation (RM158.30 billion), deposits by financial institutions (RM167.47 billion), federal government deposits (RM14.93 billion), other deposits (RM37.36 billion), BNM papers (RM32.78 billion), SDR allocations (RM29.96 billion) and other liabilities (RM4.17 billion).

— Bernama

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