BNM’s International Reserves Rise to US$118.3 Billion
Reserves Position Sufficient to Finance 4.6 Months of Imports
KUALA LUMPUR: Malaysia’s international reserves stood at US$118.3 billion (RM522.79 billion) as of November 29, 2024, compared to US$118 billion (RM521.46 billion) on November 15, 2024.
Main Components of International Reserves
The main component of Bank Negara Malaysia’s international reserves is the foreign currency reserves, valued at US$105.4 billion (RM465.77 billion). The International Monetary Fund reserves position stood at US$1.3 billion (RM5.74 billion), special drawing rights (SDRs) at US$5.9 billion (RM26.07 billion), gold at US$3.3 billion (RM14.58 billion), and other reserve assets at US$2.4 billion (RM10.6 billion).
Total Assets and Liabilities
Total assets amounted to RM595.77 billion, comprising gold and foreign exchange and other reserves, including SDRs (RM486.23 billion), Malaysian government papers (RM12.81 billion), deposits with financial institutions (RM4.51 billion), loans and advances (RM26.08 billion), land and buildings (RM4.57 billion) and other assets (RM61.56 billion).
Breakdown of Total Capital and Liabilities
BNM said total capital and liabilities amounted to RM595.77 billion, comprising paid-up capital (RM100 million), reserves (RM177.49 billion), currency in circulation (RM165.58 billion), deposits by financial institutions (RM135.2 billion), federal government deposits (RM6.56 billion), other deposits (RM67.89 billion), Bank Negara papers (RM11.8 billion), allocation of SDRs (RM27.22 billion) and other liabilities (RM3.93 billion).
Conclusion
In conclusion, the rise in international reserves to US$118.3 billion is a positive development for Malaysia, indicating a strong financial position and sufficient reserves to finance 4.6 months of imports. The breakdown of total assets and liabilities provides a comprehensive view of the country’s financial situation, with a significant portion of the reserves comprising foreign currency reserves.
FAQs
* What is the main component of Bank Negara Malaysia’s international reserves?
* Foreign currency reserves, valued at US$105.4 billion (RM465.77 billion).
* What is the total value of Malaysia’s international reserves as of November 29, 2024?
* US$118.3 billion (RM522.79 billion).
* What is the sufficient time period of imports that the international reserves can finance?
* 4.6 months.
* What is the breakdown of total assets and liabilities?
* Total assets: RM595.77 billion, comprising gold and foreign exchange and other reserves, including SDRs (RM486.23 billion), Malaysian government papers (RM12.81 billion), deposits with financial institutions (RM4.51 billion), loans and advances (RM26.08 billion), land and buildings (RM4.57 billion) and other assets (RM61.56 billion). Total capital and liabilities: RM595.77 billion, comprising paid-up capital (RM100 million), reserves (RM177.49 billion), currency in circulation (RM165.58 billion), deposits by financial institutions (RM135.2 billion), federal government deposits (RM6.56 billion), other deposits (RM67.89 billion), Bank Negara papers (RM11.8 billion), allocation of SDRs (RM27.22 billion) and other liabilities (RM3.93 billion).