KUALA LUMPUR: The international reserves of Bank Negara increased to US$111.8bil (RM511.8bil) as at July 14, 2023, compared with US$111.4bil (RM510bil) at June 30, 2023.

       The central bank said in a statement that the reserves position is sufficient to finance 5.1 months of imports of goods and services, and is one time the total short-term external debt.

       The main components of the international reserves were foreign currency reserves (US$99.2bil or RM454bil), International Monetary Fund reserves position (US$1.4bil or RM6.4bil), special drawing rights (SDRs) (US$5.7bil or RM26.09bil), gold (US$2.4bil or RM10.9bil) and other reserve assets (US$3.1bil or RM14.2bil).

       Meanwhile, total assets stood at RM623.19bil, comprising gold and foreign exchange and other reserves, including SDRs (RM524.02bil).

       Meanwhile, Malaysian government papers stood at RM12.58bil, loans and advances (RM23.63bil), land and buildings (RM4.14bil) and other assets (RM58.80bil).

       Bank Negara added that capital and liabilities comprised paid-up capital (RM100mil), reserves (RM184.34bil), currency in circulation (RM160.22bil), deposits by financial institutions (RM169.28bil).

       Meanwhile, federal government deposits comprised RM10bil) other deposits (RM37.84bil), Bank Negara papers (RM26.91bil), allocation of SDRs (RM29.95bil) and other liabilities (RM4.52bil). — Bernama

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