Business

BNM international reserves at US$110.6 bil as of May 12

Position sufficient to finance 8.4 months of retained imports, says central bank

Updated 5 years ago · Published on 21 May 2021 7:45PM

BNM international reserves at US$110.6 bil as of May 12
Bank Negara Malaysia’s international reserves position, at RM458.27 billion, is 1.1 times the total short-term external debt. – Shutterstock pic, May 21, 2021

KUALA LUMPUR – Bank Negara Malaysia’s (BNM) international reserves stood at US$110.6 billion (RM458.27 billion) as of May 12, 2021.

In a statement today, it said the reserves position is sufficient to finance 8.4 months of retained imports, and is 1.1 times the total short-term external debt.

The central bank said the main components of the international reserves are foreign currency reserves (US$101.3 billion), International Monetary Fund reserves position (US$1.5 billion), special drawing rights (SDRs) (US$1.2 billion), gold (US$2.1 billion) and other reserve assets (US$4.5 billion).

The assets comprise gold and foreign exchange and other reserves, including SDRs amounting to RM458.92 billion, Malaysian government papers (RM11.43 billion), deposits with financial institutions (RM2.80 billion), loans and advances (RM19.85 billion), land and buildings (RM4.16 billion) and other assets (RM15.84 billion).

The central bank added that capital and liabilities comprised paid-up capital (RM100 million), reserves (RM175.1 billion), currency in circulation (RM146.01 billion), deposits by financial institutions (RM147.82 billion), federal government deposits (RM11.71 billion), other deposits (RM9.63 billion), Bank Negara Malaysia papers (RM9.48 billion), allocation of SDRs (RM7.9 billion) and other liabilities (RM5.22 billion). – Bernama, May 21, 2021

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