BNM’s international reserves at RM436b

Bank Negara Malaysia’s (BNM) international reserves amounted to US$98.7 billion (RM436.1 billion) as at June 15, 2017, compared to US$98 billion as at May 31, 2017.

“The reserves position is sufficient to finance 8.2 months of retained imports and is 1.1 times the short-term external debt,” BNM said in a statement yesterday.

The main components of the international reserves were foreign currency reserves (US$92.3 billion), International Monetary Fund reserves position (US$0.8 billion), Special Drawing Rights (SDRs) (US$1.1 billion), gold (US$1.5 billion) and other reserve assets (US$3 billion).

The assets included gold and foreign exchange, and other reserves including SDRs (RM436.08 billion), Malaysian government papers (RM4.13 billion), deposits with financial institutions (RM5.73 billion), loans and advances (RM7.63 billion), land and buildings (RM2.11 billion) and other assets (RM7.32 billion). — Bernama