Business

Bank Negara’s international reserves at US$107.8 bil as of Jan 15

Amount is enough to finance 8.7 months of retained imports

Updated 5 years ago · Published on 22 Jan 2021 8:30PM

Bank Negara’s international reserves at US$107.8 bil as of Jan 15 — Bank Negara's international reserves as of last week amount to 1.2 times total short-term external debt. – File pic, January 22, 2021

KUALA LUMPUR – Bank Negara Malaysia’s (BNM) international reserves stood at US$107.8 billion (RM435.89 billion) as at January 15, 2021.

In a statement today, the central bank said the reserves position is sufficient to finance 8.7 months of retained imports and is 1.2 times total short-term external debt.

The central bank said the main components of the international reserves were foreign currency reserves (US$97.8 billion), International Monetary Fund reserves position (US$1.4 billion), Special Drawing Rights (SDRs) (US$1.2 billion), gold (US$2.4 billion), and other reserve assets (US$5.0 billion).

The assets comprised gold and foreign exchange and other reserves, including SDRs amounting to RM433.12 billion, Malaysian government papers (RM11.14 billion), deposits with financial institutions (RM2.94 billion), loans and advances (RM17.53 billion), land and buildings (RM4.16 billion), and other assets (RM20.28 billion).

The central bank added that capital and liabilities comprised paid-up capital (RM100 million), reserves (RM170.15 billion), currency in circulation (RM134.02 billion), deposits by financial institutions (RM134.56 billion), federal government deposits (RM15.69 billion), other deposits (RM12.86 billion), Bank Negara papers (RM10.01 billion), allocation of SDRs (RM7.79 billion), and other liabilities (RM4.01 billion). – Bernama, January 22, 2021