Business

Bank Negara’s international reserves US$116.9 bil as at Dec 31

Reserves position enough to finance 7.7 months of retained imports, it says

Updated 4 years ago · Published on 07 Jan 2022 5:50PM

Bank Negara’s international reserves US$116.9 bil as at Dec 31
Bank Negara says the reserves position is sufficient to finance 7.7 months of retained imports and is 1.2 times the total short-term external debt. – The Vibes file pic, January 7, 2022

KUALA LUMPUR – Bank Negara Malaysia’s (BNM) international reserves amounted to US$116.9 billion (RM492 billion) as at December 31, 2021, marginally higher compared with US$116.3 billion on December 15.

In a statement today, the central bank said the reserves position is sufficient to finance 7.7 months of retained imports and is 1.2 times the total short-term external debt.

BNM said the main components of the international reserves were foreign currency reserves (US$104.1 billion), IMF reserves position (US$1.4 billion), special drawing rights (SDRs) (US$6.0 billion), gold (US$2.3 billion), and other reserve assets (US$3.1 billion).

On the assets, the central bank said they comprised gold, foreign exchange and other reserves, including SDRs (RM486.79 billion), Malaysian government papers (RM12.21 billion), deposits with financial institutions (RM880.26 million), loans and advances (RM22.87 billion), land and buildings (RM4.16 billion), and other assets (RM24.65 billion).

Capital and liabilities comprised paid-up capital amounting to RM100 million, reserves (RM186.75 billion), currency in circulation (RM150.01 billion), deposits by financial institutions (RM159.89 billion), federal government deposits (RM8.59 billion), other deposits (RM4.79 billion), Bank Negara papers (RM7.91 billion), allocation of SDRs (RM28.15 billion), and other liabilities (RM5.31 billion). – Bernama, January 7, 2022

Related News

Malaysia / 2y

Economy grew 5.9% in Q2, says Bank Negara

Business / 2y

Zero-cost transactions via DuitNow QR to stay for small businesses: BNM

Malaysia / 2y

Bank Negara to set up special anti-fraud website

Business / 2y

Bank Negara names Adnan Zaylani as deputy governor

Business / 3y

BNM, banks, agencies commit to fight rising online fraud

Malaysia / 3y

250,000 suspicious transaction reports received in 2022: BNM deputy governor

Spotlight

Malaysia

Tuanku Muhriz urges Malaysians to uphold Rukun Negara, strengthen unity

Malaysia

PM to bring Felda forensic audit proposal to Cabinet

Malaysia

Malaysia tightens Thailand border security after wave of southern attacks

Malaysia

Mohd Amar’s three-year remark puts PAS’ Kelantan record under spotlight

Malaysia

KPF’s Al-Rawda exposure raises fresh questions over RM119.38 million

By Alfian Z.M. Tahir

Trump’s North Korea gamble deepens Asia’s doubts over US alliances

Malaysia

Rayer denies involvement in 'Maha Kali Red Rally', claims name and photo misused

Business

Nation’s economic outlook strengthens as leading index signals continued growth

You may be interested

Business

Nation’s economic outlook strengthens as leading index signals continued growth

Business

K8 cargo: Businessman seeks clarification from MOF, Customs, Petronas

Business

Oil prices hold near US$85 as US-Iran tensions keep hormuz risks in focus

Business

Matrix Concepts records RM416.7m in 1Q27 sales as geographic diversification gains traction

Business

Oil prices pull back after rally as markets brace for tougher Iran sanctions