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MALAYSIA’S CENTRAL BANK INTERNATIONAL RESERVES AT US$104.2 BLN AS AT AUG 15

KUALA LUMPUR, Malaysia Aug 21 (NNN-Bernama) Bank Negara Malaysia’s (BNM) (Malaysia’s central bank) international reserves amounted to US$104.2 billion as at Aug 15 compared with US$104.5 billion as at July 31, 2018.

In a statement today, the central bank said the reserves were sufficient to finance 7.6 months of retained imports and were 0.9 times the short-term external debt.

The main components of the international reserves were foreign currency reserves at US$97.8 billion, International Monetary Fund reserves position (US$900 million), Special Drawing Rights (SDR US$1.2 billion), gold (US$1.5 billion), and other reserve assets (US$2.8 billion).

BNM said assets included gold and foreign exchange, and other reserves, including SDRs (RM421.72 billion), Malaysian government papers (RM4.30 billion), deposits with financial institutions (RM2.24 billion), loans and advances (RM7.15 billion), land and buildings (RM4.17 billion), and other assets (RM8.83 billion).

Source: NAM News Network

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