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BNM forex reserves fall to US$93.3b

KUALA LUMPUR: Bank Negara Malaysia’s (BNM) international reserves amounted to RM415.1 billion (equivalent to US$93.3 billion) as at September 30.

In a statement on Wednesday, BNM said the reserves were sufficient to finance 8.6 months of retained imports and was 1.2 times the short-term external debt.

The fall in reserves was mainly due to the quarterly adjustment for foreign exchange revaluation changes, it said.

The central bank said the main components of the reserves were foreign currency reserves (US$85.2 billion), International Monetary Fund position (US$0.8 billion), Special Drawing Rights (US$1.8 billion), gold (US$1.4 billion) and other reserve assets (US$4.1 billion).

The assets included Malaysian government papers (RM2.34 billion), deposits with financial institutions (RM478.27 million), loans and advances (RM6.9 billion) and other assets (RM14.35 billion).

Its capital and liabilities comprised paid-up capital (RM100 million), reserves (RM141.6 billion), currency in circulation (RM84.6 billion), deposits by financial institutions (RM151.9 billion), federal government deposits (RM6.5 billion), other deposits (RM827.3 million), BNM papers (RM24.5 billion), allocation of SDRs (RM8.3 billion) and other liabilities (RM22.9 billion). Bernama

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