Business

BNM’s int’l reserves at US$109.7 bil as at Nov 30

Most comprises foreign currency, says central bank

Updated 3 years ago · Published on 07 Dec 2022 4:52PM

BNM’s int’l reserves at US$109.7 bil as at Nov 30
Bank Negara Malaysia says the main components of its international reserves were foreign currency reserves (US$98.2 billion), International Monetary Fund reserves position (US$1.3 billion), special drawing rights (SDRs) (US$5.5 billion), gold (US$2.1 billion), and other reserve assets (US$2.6 billion). – The Vibes file pic, December 7, 2022

KUALA LUMPUR – Bank Negara Malaysia’s (BNM) international reserves amounted to US$109.7 billion (RM483.6 billion) as at November 30, 2022, sufficient to finance 5.3 months of imports of goods and services.

In a statement today, the central bank said the reserves position is 1.0 times the total short-term external debt.

It said the main components of the international reserves were foreign currency reserves (US$98.2 billion), International Monetary Fund reserves position (US$1.3 billion), special drawing rights (SDRs) (US$5.5 billion), gold (US$2.1 billion), and other reserve assets (US$2.6 billion).

The assets comprised gold and foreign exchange and other reserves, including SDRs (RM509.02 billion), Malaysian government papers (RM12.36 billion), loans and advances (RM23.66 billion), land and buildings (RM4.14 billion), and other assets (RM56.99 billion).

The central bank added that capital and liabilities comprised paid-up capital (RM100 million), reserves (RM162.81 billion), currency in circulation (RM158.56 billion), deposits by financial institutions (RM196.70 billion), federal government deposits (RM12.50 billion), other deposits (RM34.82 billion), Bank Negara papers (RM7.51 billion), allocation of SDRs (RM28.70 billion), and other liabilities (RM4.46 billion). – Bernama, December 7, 2022

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