This article first appeared in The Edge Financial Daily on May 23, 2018
KUALA LUMPUR: Bank Negara Malaysia’s (BNM) international reserves were marginally down 0.09% to US$109.4 billion as at May 15, from US$109.5 billion as at April 30.
In a statement yesterday, the central bank said the reserves position is sufficient to finance 7.6 months of retained imports and is 1.1 times the short-term external debt.
Foreign currency, the biggest portion, slipped to US$102.8 billion from US$102.9 billion as at April 30. The International Monetary Fund reserves position stayed at US$800 million.
Special drawing rights and gold were maintained at US$1.2 billion and US$1.6 billion respectively. Other reserve assets also remained unchanged at US$3 billion.
The bank’s total assets stood at RM450.34 billion as at May 15, while currency in circulation was at RM112.12 billion.