The reserves stood at US$104.3 billion two weeks ago. FMTNews BNM Ringgit BankNegaraMalaysia
Bank Negara Malaysia says the reserves position is sufficient to finance 7.4 months of retained imports.
KUALA LUMPUR: Bank Negara Malaysia’s international reserves amounted to US$103.4 billion as at Feb 28. “The reserves position is sufficient to finance 7.4 months of retained imports and is 1.1 times the total short-term external debt,” the central bank said in a statement today.BNM said the main components of the international reserves comprised foreign currency reserves at US$96.7 billion, International Monetary Fund reserves position , Special Drawing Rights , gold .
It said assets included gold and foreign exchange and other reserves including SDRs, which amounted to RM423.30 billion, Malaysian government papers , deposits with financial institutions , loans and advances , land and buildings and other assets . Capital and liabilities comprised paid-up capital , reserves , currency in circulation , deposits by financial institutions , federal government deposits , other deposits , Bank Negara papers , allocation of SDRs , and other liabilities .
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