Selangor Journal
A general view of Bank Negara Malaysia in Kuala Lumpur, on March 8, 2016. — Picture by REUTERS

BNM international reserves rise to US$113 bln as of mid-May

KUALA LUMPUR, May 23 — Bank Negara Malaysia’s (BNM) international reserves increased to US$113.3 billion (US$1= RM4.71) as of May 15, 2024, up from US$112.8 billion on April 30, 2024.

The central bank said the reserves position is sufficient to finance 5.4 months of imports of goods and services and is 1.0 times the total short-term external debt.

The main components of the reserves were foreign currency reserves, which stood at US$101.1 billion, followed by International Monetary Fund (IMF) reserves (US$1.4 billion), special drawing rights (SDRs) (US$5.7 billion), gold (US$2.8 billion) and other reserve assets (US$2.3 billion).

Total assets stood at RM634.38 billion, comprising gold and foreign exchange reserves, including SDRs (RM536.58 billion), Malaysian government papers (RM13.0 billion), deposits with financial institutions (RM4.96 billion), loans and advances (RM24.66 billion), land and buildings (RM4.13 billion) and other assets (RM51.06 billion).

BNM said capital and liabilities comprised paid-up capital (RM100.0 million), reserves (RM195.66 billion), currency in circulation (RM165.59 billion), deposits by financial institutions (RM141.72 billion), federal government deposits (RM13.84 billion), other deposits (RM64.63 billion), BNM papers (RM18.68 billion), allocation of SDRs (RM30.21 billion), and other liabilities (RM3.95 billion).

— Bernama

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