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Saturday, 6 May 2017

(The Star) International reserves higher at US$96.1bil as at April 28

KUALA LUMPUR: The international reserves of Bank Negara amounted to US$96.1bil (equivalent to RM425.2bil) as at April 28, 2017 compared with US$95.7bil (equivalent to RM423.2bil) registered as at April 14, 2017.

In a statement, the central bank said the reserves position was sufficient to finance 7.9 months of retained imports and was 1.1 times the short-term external debt.

The main components of the international reserves were foreign currency reserves (US$89.5bil), International Monetary Fund Reserves position (US$0.8bil), Special Drawing Rights (SDRs) (US$1.1bil), gold (US$1.6bil) and other reserve assets (US$3.1bil).

The central bank’s assets included gold and foreign exchange and other reserves including SDRs (RM425.177bil), Malaysian government papers (RM3.311bil), deposits with financial institutions (RM8.913bil), loans and advances (RM7.815bil), land and buildings (RM2.113bil) and other assets (RM8.031bil).

Its liabilities comprised paid-up capital (RM100mil), reserves (RM148.585bil), currency in circulation (RM100.131bil), deposits by financial institutions (RM179.047bil), deposits by federal government (RM6.339bil), other deposits (RM645.814mil), Bank Negara papers (RM8.51bil) , allocation of SDRs (RM8.077bil) and other liabilities (RM3.925bil). – Bernama