Bank Negara's international reserves at RM405.5b as at Oct 31

The international reserves of Bank Negara Malaysia (BNM) stood at RM405.5 billion (equivalent to US$97.8 billion) as at Oct 31, 2016 compared with RM405.6 billion (equivalent to US$97.8 billion) as at Oct 14, 2016.

In a statement today, BNM said the reserves position was sufficient to finance 8.4 months of retained imports and was 1.2 times the short-term external debt.

The main components of the international reserves were foreign currency reserves (US$89.9 billion), International Monetary Fund reserves position (US$0.8 billion), Special Drawing Rights (SDRs) (US$1.1 billion), gold (US$1.6 billion) and other reserve assets (US$4.4 billion).

The central bank's assets included gold and foreign exchange and other reserves including SDRs (RM405.541 billion), Malaysian government papers (RM1.643 billion), deposits with financial institutions (RM1.167 billion), loans and advances (RM7.782 billion), land and buildings (RM2.113 billion) and other assets (RM5.857 billion).

Its liabilities comprised paid-up capital (RM100 million), reserves (RM123.21 billion), currency in circulation (RM92.442 billion), deposits by federal institutions (RM172.292 billion), deposits by federal government (RM10.388 billion), other deposits (RM847.23 million), Bank Negara papers (RM5.65 billion), allocation of SDRs (RM7.759 billion) and other liabilities (RM11.415 billion). -- Bernama