Selangor Journal
Bank Negara Malaysia (BNM) headquarters in Kuala Lumpur. — Picture by REUTERS

BNM’s international reserves grow to US$109.2 bln as of July 29

KUALA LUMPUR, Aug 5 — Bank Negara Malaysia’s (BNM) international reserves expanded to US$109.2 billion as of July 29, 2022, up from US$107 billion recorded as of July 15, 2022.

“The reserves position is sufficient to finance 5.8 months of imports of goods and services and is 1.1 times of the total short-term external debt,” the central bank said in a statement today.

BNM said the main components of the international reserves were foreign currency reserves (US$97.2 billion), International Monetary Fund reserves position (US$1.3 billion), special drawing rights (SDRs) (US$5.7 billion), gold (US$2.3 billion) and other reserve assets (US$2.7 billion).

The assets comprised gold, foreign exchange and other reserves including SDRs (RM480.77 billion), Malaysian government papers (RM12.12 billion), loans and advances (RM23.61 billion), land and buildings (RM4.14 billion) and other assets (RM31.61 billion).

Meanwhile, capital and liabilities comprised paid-up capital (RM100 million), reserves (RM168.57 billion), currency in circulation (RM157.55 billion), deposits by financial institutions (RM164.52 billion), federal government deposits (RM10.88 billion), other deposits (RM11.98 billion), Bank Negara papers (RM6.92 billion), allocation of SDRs (RM28.25 billion) and other liabilities (RM3.48 billion).

— Bernama

Top Picks

Prisons Dept proposes to replace obsolete over 100-year-old jails

Dewan Rakyat passes amendments to Environmental Quality Act 1974

Selangor, Negeri Sembilan, Penang won’t dissolve state assemblies this year — PH

Editor Selangor Journal