KUALA LUMPUR, Feb 8 — Bank Negara Malaysia’s (BNM) international reserves amounted to US$114.8 billion as at January 31, 2024.
The central bank said the reserves position was sufficient to finance 5.4 months of imports of goods and services and was 1.0 time the total short-term external debt.
“The reserves level has taken into account the quarterly foreign exchange revaluation changes,” it said in a statement today.
The main components of the reserves were foreign currency reserves which stood at US$102.2 billion, followed by International Monetary Fund reserves which stood at US$1.4 billion, special drawing rights (SDRs) which stood at US$5.8 billion, gold which stood at US$2.6 billion and other reserve assets which stood at US$2.8 billion.
Total assets stood at RM632.12 billion, comprising gold and foreign exchange and other reserves, including SDRs which stood at RM527.17 billion, Malaysian government papers which stood at RM13.01 billion, deposits with financial institutions which stood at RM1.23 billion, loans and advances which stood at RM24.41 billion, land and buildings which stood at RM4.13 billion and other assets which stood at RM62.18 billion.
BNM said capital and liabilities comprised paid-up capital of RM100.0 million, reserves ofRM187.03 billion, currency in circulation at RM166.71 billion, deposits by financial institutions of RM169.29 billion, federal government capital of RM5.08 billion and others at RM38.99 billion, Bank Negara papers at RM31.68 billion, allocation of SDRs which stood at RM29.74 billion and other liabilities of RM3.52 billion.
— Bernama
