Malaysian Central Bank's International Reserves At US$97.5 Billion As At Aug 30

KUALA LUMPUR, Sept 6 (Bernama) -- Bank Negara Malaysia's (BNM or Malaysia's Central Bank) international reserves amounted to RM391.9 billion (equivalent to US$97.5 billion) as at Aug 30, 2016, the same amount of international reserves at Aug 15, 2016. (US$1 = RM4.08) In a statement here today, BNM said, the reserves position was sufficient to finance 8.1 months of retained imports and was 1.2 times the short-term external debt. The main components of the international reserves were foreign currency reserves (US$89.7 billion); International Monetary Fund reserves position (US$0.8 billion); Special Drawing Rights (SDR) (US$1.1 billion); gold (US$1.5 billion); and, other reserve assets (US$4.4 billion). Its total assets stood at RM412.262 billion. The central bank's assets included gold and foreign exchange and other reserves including SDR (RM391.922 billion); Malaysian government papers (RM1.643 billion); deposits with financial institutions (RM2.685 billion); loans and advances (RM7.558 billion); land and buildings (RM2.113 billion); and, other assets (RM6.338 billion). Its liabilities comprised paid-up capital (RM100 million); reserves (RM110.174 billion); currency in circulation (RM91.058 billion); deposits by financial institutions (RM157.265 billion); deposits by Federal Government (RM19.261 billion); other deposits (RM1.175 billion); Bank Negara papers (RM13.648 billion); allocation of SDR (RM7.521 billion); and, other liabilities (RM12.055 billion). --BERNAMA