BNM international reserves at US$104.6 billion as at July 13

The central bank says the reserves are sufficient to finance 7.5 months' of retained imports.

KUALA LUMPUR: Bank Negara Malaysia’s (BNM) international reserves amounted to US$104.6 billion (RM425 billion) as at July 13, 2018 compared with US$104.7 billion on June 29, 2018.

In a statement today, the central bank said the reserves were sufficient to finance 7.5 months of retained imports and was 1.1 times the short-term external debt.

The main components of the international reserves were foreign currency reserves (at US$98.0 billion), International Monetary Fund reserves position (US$0.9 billion), Special Drawing Rights or SDR (US$1.2 billion), gold (US$1.5 billion) and other reserve assets (US$3.0 billion).

BNM said assets included gold and foreign exchange, and other reserves including SDRs (RM423.08 billion), Malaysian government papers (RM4.30 billion), deposits with financial institutions (RM4.25 billion), loans and advances (RM7.25 billion), land and buildings (RM4.18 billion) and other assets (RM9.57 billion). -FMT