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Bank Negara international reserves swell to US$117.6 bln as of Sept 13

23 Sep 2024, 9:09 AM
Bank Negara international reserves swell to US$117.6 bln as of Sept 13

KUALA LUMPUR, Sept 23 — Malaysia’s international reserves rose to US$117.6 billion (RM494.8 billion) until September 13, from US$116.8 billion on August 30.

The central bank said in a statement today the reserves position is sufficient to finance 5.5 months of imports of goods and services, and is one time the total short-term external debt.

The main components of the reserves were foreign currency reserves at US$105.4 billion, followed by International Monetary Fund reserves (US$1.2 billion), special drawing rights (SDRs) (US$5.7 billion), gold (US$2.9 billion), and other reserves (US$2.4 billion).

Total assets amounted to RM653.59 billion comprising gold and foreign exchange reserves, including SDRs (RM554.00 billion), Malaysian government papers (RM12.26 billion), deposits with financial institutions (RM1.57 billion million), loans and advances (RM25.48 billion), land and buildings (RM4.12 billion) and other assets (RM56.12 billion).

Bank Negara said total capital and liabilities amounted to RM653.59 billion, comprising paid-up capital (RM100 million), reserves (RM210.54 billion), currency in circulation (RM165.49 billion), deposits by financial institutions (RM151.72 billion), federal government deposits (RM8.65 billion), other deposits (RM66.98 billion), Bank Negara papers (RM15.69 billion), allocation of SDRs (RM29.96 billion), and other liabilities (RM3.43 billion).

— Bernama

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