KUALA LUMPUR, Sept 6 (Bernama) — Central Bank of Malaysia’s international reserves rose to US$116.8 billion as at Aug 30, 2024, from US$114.7 billion (US$1=RM4.33) as at July 31, 2024.
The central bank said in a statement today that the reserves position was sufficient to finance 5.4 months of imports of goods and services, and was 1.0 time the total short-term external debt.
The main components of the reserves were foreign currency reserves at US$104.5 billion, followed by International Monetary Fund reserves (US$1.3 billion), special drawing rights (SDRs) (US$5.7 billion), gold (US$2.9 billion) and other reserve (US$2.4 billion).
Total assets amounted to RM641.56 billion comprising gold and foreign exchange reserves, including SDRs (RM550.45 billion), Malaysian government papers (RM12.27 billion), deposits with financial institutions (RM992.92 million), loans and advances (RM25.44 billion), land and buildings (RM4.13 billion) and other assets (RM48.28 billion).
BNM said total capital and liabilities amounted to RM641.56 billion, comprising paid-up capital (RM100.0 million), reserves (RM207.90 billion), currency in circulation (RM165.28 billion), deposits by financial institutions (RM146.83 billion), federal government deposits (RM6.09 billion), other deposits (RM66.58 billion), Bank Negara papers (RM15.69 billion), allocation of SDRs (RM29.96 billion), and other liabilities (RM3.14 billion).
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