KUALA LUMPUR: Bank Negara Malaysia’s (BNM) international reserves amounted to US$113.8 billion as at March 29, 2024.

       The central bank said that the reserves level has taken into account the quarterly foreign exchange revaluation changes.

       "The reserves position is sufficient to finance 5.6 months of imports of goods and services and is 1.0 times the total short-term external debt,” it said in a statement today.

       The main components of the reserves were foreign currency reserves which stood at US$101.3 billion, followed by International Monetary Fund reserves (US$1.3 billion), special drawing rights (SDRs) (US$5.7 billion), gold (US$2.8 billion), and other reserve assets (US$2.7 billion).

       Total assets stood at RM642.91 billion, comprising gold and foreign exchange and other reserves including SDRs (RM538.96 billion), Malaysian government papers (RM13.0 billion), deposits with financial institutions (RM7.62 billion), loans and advances (RM24.57 billion), land and buildings (RM4.12 billion), and other assets (RM54.63 billion).

       BNM said capital and liabilities comprised paid-up capital (RM100.0 million), reserves (RM196.32 billion), currency in circulation (RM168.63 billion), deposits by financial institutions (RM149.02 billion), federal government deposits (RM6.14 billion) and other deposits (RM62.79 billion), Bank Negara papers (RM25.66 billion), allocation of SDRs (RM30.21 billion), and other liabilities (RM4.0 billion). - Bernama