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Saturday, 8 July 2017

(The Star) Bank Negara international reserves rise to US$98.9bil

PETALING JAYA: Bank Negara international reserves stood at US$98.9bil (RM424.8bil) as at June 30, 2017, from US$98.7bil (RM436.1bil) on June 15, 2017.

The central bank noted that the level of reserves continued to increase in US dollar terms.

“However, in ringgit terms, it declined following stronger ringgit during the second quarter,” it said in a statement yesterday.

The reserves position is sufficient to finance 7.9 months of retained imports and is 1.1 times the short-term external debt.

The main components of the reserves are foreign currency reserves (US$92.5bil), International Monetary Fund reserves position US$800mil, Special Drawing Rights or SDRs (US$1.1bil), gold (US$1.5bil) and other reserve assets (US$3bil).

Bank Negara’s asset include gold and foreign exchange and other reserves including SDRs (RM424.8bil), Malaysian government papers (RM4.6bil), deposits with financial institutions (RM5.0bil), loans and advances (RM7.6bil), land and buildings (RM2.1bil) and other assets (RM6.8bil).