International reserves of Bank Negara Malaysia as at end-May 2015

In accordance with the IMF SDDS format, the detailed breakdown of international reserves provides forward-looking information on the size, composition and usability of reserves and other foreign currency assets and the expected and potential future inflows and outflows of foreign exchange of the Federal Government and Bank Negara Malaysia over the next 12-month period.

Official reserve assets amounted to USD106,381.9 million, while other foreign currency assets amounted to USD1,042.2 million as at end-May 2015.

The detailed breakdown of international reserves based on the SDDS format is shown here.

Bank Negara Malaysia

Official reserve assets and other foreign currency assets 31 May 2015 (USD million)

For the next 12 months, the predetermined short-term outflows of foreign currency loans would amount to USD1,504.6 million arising from scheduled repayments of external borrowings by the Government .

In line with the practice adopted since April 2006, the data excludes projected foreign currency inflows arising from interest income and the draw down of project loans amounting to USD3,077.0 million in the next 12 months.

There are no long forward positions as at end-May 2015. The only contingent short-term net drain on foreign currency assets are Government guarantees of foreign debt due within one year, amounting to USD82.3 million.

There are no foreign currency loans with embedded options, no undrawn, unconditional credit lines provided by or to other central banks, international organisations, banks and other financial institutions. Bank Negara Malaysia also does not engage in foreign currency options vis-a-vis ringgit.

Overall, the detailed breakdown of international reserves under the IMF SDDS format indicates that as at end-May 2015, Malaysia's reserves remain usable and unencumbered.

Note: As reported in the press statement on detailed disclosure of international reserved as at end June 2014, the bulk of the scheduled repayments of external borrowing by the Government reflects the maturing of 1Malaysia Sukuk Global ($USD1,250 million) in June, 2015