BNM's international reserve rise to US$114.1 bln as at June 14, 2024
Bernama
June 24, 2024 18:47 MYT
June 24, 2024 18:47 MYT
Bank Negara Malaysia said the reserves position was sufficient to finance 5.5 months of imports of goods and services and was 1.0 times the total short-term external debt. - BNM
KUALA LUMPUR: Bank Negara Malaysia's (BNM) international reserves rose to US$114.1 billion as at June 14, 2024 from US$113.6 billion as at May 31, 2024.
In a statement today, the central bank said the reserves position was sufficient to finance 5.5 months of imports of goods and services and was 1.0 times the total short-term external debt.
The main components of the reserves were foreign currency reserves which stood at US$101.9 billion, followed by International Monetary Fund reserves (US$1.3 billion), special drawing rights (SDRs) (US$5.7 billion), gold (US$2.8 billion) and other reserve assets (US$2.4 billion).
Total assets stood at RM644.62 billion, comprising gold and foreign exchange and other reserves, including SDRs (RM540.47 billion), Malaysian government papers (RM12.91 billion), deposits with financial institutions (RM3.69 billion), loans and advances (RM24.84 billion), land and buildings (RM4.12 billion) and other assets (RM58.56 billion).
BNM said capital and liabilities comprised paid-up capital (RM100.0 million), reserves (RM201.57 billion), currency in circulation (RM167.31 billion), deposits by financial institutions (RM153.96 billion), federal government deposits (RM5.55 billion) and other deposits (RM63.06 billion), Bank Negara papers (RM19.21 billion), allocation of SDRs (RM30.21 billion), and other liabilities (RM3.61 billion).
-- BERNAMA