Bank Negara’s international reserves at $102.1 bln as at Jan 31 

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KUALA LUMPUR: Bank Negara Malaysia’s (BNM) international reserves amounted to $102.1 billion, as at Jan 31, 2019, higher than the $101.7 billion recorded as at Jan 15, 2019.

“The reserves position is sufficient to finance 7.4 months of retained imports and is 1.0 time the short-term external debt,” the central bank said in a statement today.

The main components of the international reserves, as at Jan 31, 2019, comprised foreign currency reserves at $96.3 billion, International Monetary Fund reserves position ($900 million), Special Drawing Rights (SDRs) ($1.1 billion), gold ($1.6 billion) and other reserve assets ($2.2 billion).

BNM said assets included gold and foreign exchange and other reserves including SDRs which amounted to RM422.32 billion, Malaysian government papers (RM3.39 billion), deposits with financial institutions (RM3.74 billion), loans and advances (RM6.88 billion), land and buildings (RM4.17 billion), and other assets (RM10.419 billion).

Capital and liabilities comprised paid-up capital (RM100 million), reserves (RM133.95 billion), currency in circulation (RM113.72 billion), deposits by financial institutions (RM157.27 billion), Federal government deposits (RM15.38 billion), other deposits (RM799.46 million), Bank Negara papers (RM20.57 billion), allocation of SDRs (RM7.74 billion) and other liabilities (RM1.39 billion). – Bernama

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