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

Malaysia’s international reserves at US$110.1 bln as of September 29

KUALA LUMPUR, Oct 6 — Bank Negara Malaysia’s (BNM) international reserves amounted to US$110.1 billion (RM519.6 billion) as of September 29, 2023, compared with US$112.46 billion (RM530.8 billion) at the end of August 2023.

In a statement today, the central bank said the reserves position is sufficient to finance 5.1 months of imports of goods and services and was one time the total short-term external debt.

The main components of the international reserves were foreign currency reserves (US$98.0 billion), International Monetary Fund reserves position (US$1.4 billion), special drawing rights (SDRs) (US$5.7 billion), gold (US$2.3 billion) and other reserve assets (US$2.7 billion).

Total assets stood at RM620.97 billion, comprising gold and foreign exchange and other reserves, including SDRs (RM517.14 billion), Malaysian government papers (RM12.76 billion), loans and advances (RM23.87 billion), land and buildings (RM4.14 billion) and other assets (RM63.06 billion).

BNM said capital and liabilities comprised paid-up capital (RM100 million), reserves (RM170.61 billion), currency in circulation (RM158.20 billion), deposits by financial institutions (RM184.83 billion), federal government deposits (RM9.21 billion), other deposits (RM37.23 billion), Bank Negara papers (RM26.09 billion), allocation of SDRs (RM29.85 billion) and other liabilities (RM4.85 billion).

— Bernama

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