Selangor Journal
A general view of Bank Negara Malaysia in Kuala Lumpur, on July 31, 2019. — Picture by REUTERS

BNM’s international reserves increase to US$115.2 bln as of Jan 31, 2023

KUALA LUMPUR, Feb 9 — Bank Negara Malaysia’s (BNM) international reserves rose to US$115.2 billion (RM496.5 billion) as of January 31, 2023, from US$114.9 billion (RM495.2 billion) recorded on Jan 13, 2023.

In a statement today, the central bank said the reserves’ position is sufficient to finance 5.3
months of imports of goods and services and is one time of the total short-term external debt.

The central bank said the main components of the international reserves were foreign currency reserves (US$103 billion or RM443.9 billion), International Monetary Fund reserves position (US$1.4 billion or RM6.03 billion), Special Drawing Rights (SDRs) (US$5.7 billion or RM24.5 billion), gold (US$2.3 billion or RM9.9 billion) and other reserve assets (US$2.8 billion or RM12 billion).

It said assets totalled RM635.55 billion, comprising gold and foreign exchange and other reserves, including SDRs (RM505.83 billion), Malaysian government papers (RM12.82 billion), deposits with financial institutions (RM2.12 billion), loans and advances (RM23.72 billion), land and buildings (RM4.14 billion) and other assets (RM74.92 billion).

BNM added that capital and liabilities comprised paid-up capital (RM100 million), reserves (RM161.55 billion), currency in circulation (RM166.1 billion), deposits by financial institutions (RM212.79 billion), federal government deposits (RM8.33 billion), other deposits (RM36.92 billion), Bank Negara papers (RM5.67 billion), allocation of SDRs (RM28.21 billion) and other liabilities (RM3.88 billion).

— Bernama

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