PETALING JAYA: Bank Negara Malaysia’s (BNM) international reserves increased to US$112.9 billion as of July 31, up 0.98% from US$111.8 billion on July 14.
In a statement today, the central bank mentioned that the reserves position was sufficient to finance 5.1 months of imports of goods and services, and was 1.1 times the total short-term external debt.
The main components of the international reserves were foreign currency reserves (US$100.7 billion), International Monetary Fund reserves position (US$1.4 billion), special drawing rights (SDRs) (US$5.7 billion), gold (US$2.4 billion) and other reserve assets (US$2.7 billion).
Meanwhile, total assets stood at RM627.66 billion, comprising gold and foreign exchange, along with other reserves, including SDRs (RM529.26 billion), Malaysian government papers (RM12.59 billion), loans and advances (RM23.66 billion), land and buildings (RM4.14 billion) and other assets (RM58.01 billion).
SPONSORED CONTENT K.T.I. achieves RM140 million sales Kota Kinabalu: K.T.I. Sdn Bhd’s The Logg, Luyang has launched Easy Care, its brand-new hospitality initiative, which aims to elevate the living experience by providing an all–in-one care to its residents at Shorea n Astoria. Read more BNM added that capital and liabilities comprised paid-up capital (RM100 million), reserves (RM183.56 billion), currency in circulation (RM158.44 billion), deposits by financial institutions (RM174.72 billion), federal government deposits (RM9.27 billion), other deposits (RM37.22 billion), Bank Negara papers (RM29.75 billion), allocation of SDRs (RM29.96 billion) and other liabilities (RM4.64 billion).
* Follow us on Instagram and join our Telegram and/or WhatsApp channel(s) for the latest news you don't want to miss.
* Do you have access to the Daily Express e-paper and online exclusive news? Check out subscription plans available.
