Bank Negara international reserves totalled RM405.5b as at Oct 31

Posted on 08 November 2016

Source: The Edge

The international reserves of Bank Negara Malaysia (BNM) stood US$97.8 billion as at Oct 31, unchanged from Oct 14. In ringgit terms, the reserves had fallen to RM405.5 billion from RM405.6 billion.

The central bank said the reserves position as at Oct 31 was sufficient to finance 8.4 months of retained imports and was 1.2 times the short-term external debt.

The main components of the international reserves were foreign currency reserves (US$89.9 billion), International Monetary Fund reserves position (US$800 million), Special Drawing Rights (SDRs) (US$1.1 billion), gold (US$1.6 billion) and other reserve assets (US$4.4 billion).

The central bank’s assets included gold, foreign exchange and other reserves, including SDRs (RM405.541 billion), Malaysian government papers (RM1.643 billion), deposits with financial institutions (RM1.167 billion), loans and advances (RM7.782 billion), land and buildings (RM2.113 billion), and other assets (RM5.857 billion). 

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