BNM's international reserves unchanged at US$103.2b as at Nov 29

BNM's international reserves unchanged at US$103.2b as at Nov 29

-A +A

KUALA LUMPUR (Dec 6): The international reserves of Bank Negara Malaysia (BNM) amounted to US$103.2 billion as at Nov 29, 2019, unchanged from that as at Nov 15, 2019.

In a statement today, BNM said the reserves position is sufficient to finance 7.7 months of retained imports and is 1.1 times total short-term external debt.

The central bank said its foreign currency reserves stood at US$96.8 billion, up 0.31% from US$96.5 billion in the previous year.

The International Monetary Fund reserves were unchanged at US$1.1 billion, as well as special drawing rights (SDRs) at US$1.1 billion.

Gold reserves stood at US$1.9 billion, while other reserve assets stood at US$2.6 billion. 

The central bank said its assets included gold and foreign exchange and other reserves, including SDRs, which amounted to RM431.99 billion, Malaysian government papers (RM1.98 billion), loans and advances (RM7 billion), land and buildings (RM4.16 billion) and other assets (RM10.22 billion).

Meanwhile, capital and liabilities consisted of paid-up capital (RM100 million), reserves (RM144.96 billion), currency in circulation (RM110.46 billion), deposits by financial institutions (RM158.52 billion), federal government deposits (RM10.93 billion), other deposits (RM2.05 billion), BNM papers (RM18.46 billion), allocation of SDRs (RM7.68 billion) and other liabilities (RM2.2 billion).