Business

Bank Negara’s international reserves at US$116.1 bil as at Oct 29

Position sufficient to finance 8.1 months of retained imports

Updated 4 years ago · Published on 08 Nov 2021 6:50PM

Bank Negara’s international reserves at US$116.1 bil as at Oct 29
Bank Negara says its reserves position is 1.3 times total short-term external debt. – Shutterstock pic, November 8, 2021

KUALA LUMPUR – Bank Negara Malaysia’s (BNM) international reserves stood at US$116.1 billion as at October 29, 2021.

The reserves position is sufficient to finance 8.1 months of retained imports and is 1.3 times total short-term external debt, the central bank said in a statement today.

BNM said the main components of the international reserves were foreign currency reserves (US$103.3 billion), IMF reserves position (US$1.4 billion), special drawing rights (SDRs) (US$6.1 billion), gold (US$2.2 billion), and other reserve assets (US$3.1 billion).

Assets comprising gold, foreign exchange, and other reserves, including SDRs, amounted to RM486.22 billion, Malaysian government papers (RM12.36 billion), deposits with financial institutions (RM629.64 million), loans and advances (RM22.68 billion), land and buildings (RM4.16 billion), and other assets (RM15.71 billion).

Capital and liabilities comprising paid-up capital amounted to RM100 million, reserves (RM184.73 billion), currency in circulation (RM146.84 billion), deposits by financial institutions (RM149.26 billion), federal government deposits (RM13.37 billion), other deposits (RM6.48 billion), Bank Negara papers (RM7.53 billion), allocation of SDRs (RM28.47 billion), and other liabilities (RM4.97 billion). – Bernama, November 8, 2021

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