“Kerajaan Gagal”: Bank Negara’s international reserves rise to US$110.9bil

(Bernama) – Bank Negara Malaysia’s (BNM) international reserves stood at US$110.9 billion as of May 31, up from US$110.6 billion on May 12.

BNM said the reserves position is sufficient to finance 8.4 months of retained imports and is 1.1 times the total of short-term external debt.

In a statement, it said the main components of the international reserves were foreign currency reserves (US$103.2 billion), International Monetary Fund reserves position (US$1.4 billion), special drawing rights (US$1.2 billion), gold (US$2.1 billion) and other reserve assets (US$3 billion).

The assets comprised gold and foreign exchange and other reserves, including SDRs amounting to RM460.65 billion, Malaysian government papers (RM11.43 billion), deposits with financial institutions (RM3.63 billion), loans and advances (RM19.86 billion), land and buildings (RM4.16 billion) and other assets (RM15.69 billion).

Capital and liabilities comprised paid-up capital (RM100 million), reserves (RM177.10 billion), currency in circulation (RM142.77 billion), deposits by financial institutions (RM145.50 billion), federal government deposits (RM14.95 billion), other deposits (RM11.44 billion), Bank Negara papers (RM10.32 billion), allocation of SDRs (RM7.91 billion) and other liabilities (RM5.37 billion).