`


THERE IS NO GOD EXCEPT ALLAH
read:
MALAYSIA Tanah Tumpah Darahku

LOVE MALAYSIA!!!


 


Thursday, March 31, 2016

Malaysia’s reserves remain usable, says Bank Negara


Malaysia's reserves remained usable as at end-February 2016, based on the detailed breakdown of international reserves under the International Monetary Fund (IMF) Special Data Dissemination Standard (SDDS) format.
Bank Negara Malaysia (BNM) said in a statement that official reserve assets amounted to US$95.631 billion (RM375.065 billion) at end-February, while other foreign currency assets stood at US$1.41 billion, or RM5.529 billion at the current rate of RM3.925 for US$1.
For the next 12 months, it said, the pre-determined short-term outflow of foreign currency loans would amount to US$1.409 billion, arising from scheduled repayments of external borrowings by the government.
The bulk of this repayment reflects the maturing of Wakala Global Sukuk (US$1.2 billion) in July 2016, the central bank said.
The data excludes projected foreign currency inflows of US$2.273 billion, arising from interest income and the drawdown of project loans in the next 12 months.
BNM said the only contingent short-term net drain on foreign currency assets would be government guarantees of foreign debt, due within one year, amounting to US$1.101 billion.
The bulk of the guarantee is on a public enterprise’s offshore bond (US$1 billion) maturing in March 2016, it said.
- Bernama

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.