KUALA LUMPUR, Bank Negara Malaysia's (BNM) international reserves rose to US$115.9 billion (US$1=RM4.36) as at Aug 15, 2024, from US$114.7 billion as at July 31, 2024. In a statement today, the central bank said 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$103.7 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 assets (US$2.3 billion). Total assets amounted to RM637.84 billion, comprising gold and foreign exchange reserves including SDRs (RM546.54 billion), Malaysian government papers (RM12.27 billion), deposits with financial institutions (RM2.39 billion), loans and advances (RM25.28 billion), land and buildings (RM4.13 billion) and other assets (RM47.24 billion). BNM said capital and liabilities comprised paid-up capita l (RM100.0 million), reserves (RM206.0 billion), currency in circulation (RM165.70 billion), deposits by financial institutions (RM143.41 billion), federal government deposits (RM5.58 billion), other deposits (RM66.95 billion), Bank Negara papers (RM16.85 billion), allocation of SDRs (RM29.96 billion), and other liabilities (RM3.28 billion). Source: BERNAMA News Agency
BNM’s International Reserves Rise To US$115.9 Bln As At Aug 15, 2024
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