KUALA LUMPUR, May 31 ― Malaysia’s official reserve assets amounted to US$112.79 billion (RM530.9 billion) as of end-April, 2024, while other foreign currency assets stood at...
According to Bank Negara Malaysia, the country’s official reserve assets amounted to US$112.79 billion as of end-April, 2024, while other foreign currency assets stood at US$403.7 million. ― Picture by Hari AnggaraKUALA LUMPUR, May 31 ― Malaysia’s official reserve assets amounted to US$112.79 billion as of end-April, 2024, while other foreign currency assets stood at US$403.7 million, according to Bank Negara Malaysia .
It also provides guidance on the expected and potential future inflows and outflows of foreign exchange of the Federal Government and BNM over the next 12-month period.“Overall, the detailed breakdown of international reserves under the IMF SDDS format indicates that as at end-April 2024, Malaysia’s international reserves remain usable,” it said in a statement today.
“The net short forward positions amounted to US$27.69 billion as at end-April 2024, reflecting the management of ringgit liquidity in the money market,” it added.In line with the practice adopted since April 2006, the data excludes projected foreign currency inflows arising from interest income and the drawdown of project loans. Projected foreign currency inflows amount to US$2.39 billion in the next 12 months.
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