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BNM International reserves higher at US$107.8b

KUALA LUMPUR: Bank Negara Malaysia’s (BNM) international reserves stood at US$107.8 billion as at March 30, 2018.

In a statement today, the central bank said the reserves position was sufficient to finance 7.4 months of retained imports and was 1.1 times the short-term external debt.

The international reserves had risen from US$103.9 billion as at March 15.

According to BNM, the reserves level has taken into account the adjustment for foreign exchange revaluation changes.

The main components of the international reserves were foreign currency reserves (US$101.3 billion), International Monetary Fund reserves position (US$0.8 billion), Special Drawing Rights (SDRs) (US$1.2 billion), gold (US$1.6 billion), and other reserve assets (US$2.9 billion).

BNM said the assets included gold and foreign exchange and other reserves, including SDRs (RM416.39 billion), Malaysian government papers (RM4.08 billion), deposits with financial institutions (RM5.83 billion), loans and advances (RM7.41 billion), land and buildings (RM4.18 billion), and other assets (RM11.52 billion).

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