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Bank Negara international reserves at US$119.6 bln on Oct 15

22 Oct 2024, 9:10 AM
Bank Negara international reserves at US$119.6 bln on Oct 15

KUALA LUMPUR, Oct 22 — Malaysia’s international reserves stood at US$119.6 billion (RM517 billion) on October 15, compared with US$119.7 billion on September 30.

The reserves position was sufficient to finance 4.8 months of imports of goods and services, and is 0.9 times the total short-term external debt, Bank Negara said in a statement today.

The main components of the reserves were foreign currency reserves (US$106.6 billion), followed by International Monetary Fund reserves position (US$1.3 billion), special drawing rights (SDRs) (US$5.9 billion), gold (US$3.3 billion), and other reserve assets (US$2.5 billion).

Total assets amounted to RM596.87 billion, comprising gold and foreign exchange reserves, including SDRs (RM491.64 billion), Malaysian government papers (RM12.81 billion), deposits with financial institutions (RM4.53 billion), loans and advances (RM25.65 billion), land and buildings (RM4.11 billion) and other assets (RM58.14 billion).

BNM said total capital and liabilities amounted to RM596.87 billion, comprising paid-up capital (RM100 million), reserves (RM177.39 billion), currency in circulation (RM165.20 billion), deposits by financial institutions (RM138.12 billion), federal government deposits (RM8.45 billion), other deposits (RM65.19 billion), Bank Negara papers (RM12.22 billion), allocation of SDRs (RM27.22 billion), and other liabilities (RM2.98 billion).

— Bernama

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