BNM’s international reserves rise to $111.0 bln as at June 15

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KUALA LUMPUR: Bank Negara Malaysia’s (BNM) international reserves stood at $111.0 billion as at June 15, 2021, up from $110.9 billion as at May 31.

In a statement today, the central bank said the reserves position is sufficient to finance 8.2 months of retained imports and is 1.1 times total short-term external debt.

It said the main components of the international reserves were foreign currency reserves ($102.3 billion), International Monetary Fund reserves position ($1.4 billion), special drawing rights (SDRs) ($1.2 billion), gold ($2.1 billion), and other reserve assets ($4.0 billion).

The assets comprised gold and foreign exchange and other reserves, including SDRs amounting to RM460.87 billion, Malaysian government papers (RM11.43 billion), deposits with financial institutions (RM2.19 billion), loans and advances (RM20.20 billion), land and buildings (RM4.16 billion), and other assets (RM15.76 billion).

The central bank added that capital and liabilities comprised paid-up capital (RM100.0 million), reserves (RM178.66 billion), currency in circulation (RM142.24 billion), deposits by financial institutions (RM147.43 billion), federal government deposits (RM14.52 billion), other deposits (RM9.30 billion), Bank Negara papers (RM9.32 billion), allocation of SDRs (RM7.91 billion), and other liabilities (RM5.14 billion). – Bernama

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