BNM international reserves stood at RM389.7b end Mar, from RM386b in Feb

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KUALA LUMPUR (Apr 7): The international reserves of Bank Negara Malaysia (BNM) amounted to RM389.7 billion (US$105.1 billion) as at Mar 31, 2015, rising from RM386 billion (US$110.5 billion) as at Feb 27, 2015.

In a statement today, the central bank said that the reserves position is sufficient to finance 8.1 months of retained imports and is 1.1 times the short-term external debt, which includes short-term offshore borrowing, non-resident holdings of short-term ringgit debt securities, non-resident deposits with the banking system and other short-term debt.

The main components of the international reserves were the foreign currency reserves which stood at US$96 billion (RM355.96 billion), International Monetary Fund (IMF) reserves position at US$0.8 billion (RM2.97 billion), special drawing rights (SDRs) of US$1.8 billion (RM6.67 billion), gold at US$1.4 billion (RM5.19 billion) and other reserve assets at US$5.1 billion (RM18.91 billion).

As at Mar 31, the central bank’s other assets stood at RM8.21 billion, Malaysian government papers amounted to RM2.33 billion, deposits with financial institutions were at RM1.77 billion, loans and advances stood at RM6.63 billion, and land and buildings were at RM2.11 billion.