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BNM's international reserves at US$113.6 bln by May 31

10 Jun 2024, 8:17 AM
BNM's international reserves at US$113.6 bln by May 31

KUALA LUMPUR, June 10 — Bank Negara Malaysia’s (BNM) international reserves amounted to US$113.6 billion as of May 31.

It said the main components of the total US$113.6 billion were foreign currency reserves (US$101.5 billion), International Monetary Fund reserves position (US$1.3 billion), special drawing rights (SDRs) (US$5.7 billion), gold (US$2.8 billion), and other reserve assets (US$2.3 billion).

“The reserves position is sufficient to finance 5.4 months of imports of goods and services and is 1.0 times the total short-term external debt,” BNM said in a statement today.

Total assets stood at RM632.42 billion, comprising gold and foreign exchange and other reserves, including SDRs (RM538.09 billion), Malaysian government papers (RM12.99 billion), deposits with financial institutions (RM19.58 million), loans and advances (RM24.80 billion), land and buildings (RM4.13 billion), and other assets (RM52.38 billion).

It said capital and liabilities comprised paid-up capital (RM100.0 million), reserves (RM195.06 billion), currency in circulation (RM165.61 billion), deposits by financial institutions (RM146.51 billion), Federal government deposits (RM7.64 billion) and other deposits (RM63.64 billion), Bank Negara papers (RM20.16 billion), allocation of SDRs (RM30.21 billion), and other liabilities (RM3.49 billion).

— Bernama

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