BNM International Reserves At US$103 Bln As At March 29

KUALA LUMPUR, April 5 (Bernama) -- Bank Negara Malaysia’s (BNM) or Central Bank of Malaysia international reserves increased to US$103 billion as at March 29, 2019, from US$102.6 billion as at March 15, 2019. “The reserves position is sufficient to finance 7.5 months of retained imports and is 1.0 time total short-term external debt,” the central bank said in a statement Friday. BNM said the main components of the international reserves, as at March 29, 2019, comprised of foreign currency reserves at US$97.1 billion, International Monetary Fund reserves position (US$900 million), Special Drawing Rights (SDRs) (US$1.1 billion), gold (US$1.6 billion), and other reserve assets (US$2.3 billion). It said assets included gold and foreign exchange and other reserves, including SDRs, which amounted to RM420.21 billion, Malaysian government papers (RM2.53 billion), deposits with financial institutions (RM863.79 million), loans and advances (RM7.20 billion), land and buildings (RM4.17 billion), and other assets (RM18.74 billion). Capital and liabilities comprised paid-up capital (RM100 million), reserves (RM131.33 billion), currency in circulation (RM108.02 billion), deposits by financial institutions (RM161.50 billion), federal government deposits (RM20.27 billion), other deposits (RM656.90 million), Bank Negara papers (RM22.67 billion), allocation of SDRs (RM7.62 billion), and other liabilities (RM1.54 billion). -- BERNAMA