Banking, Economy, Bank Negara, Foreign Reserves, Reserves Position, Retained İmports

Banking, Economy

Bank Negara forex reserves higher at US$109bil

Bank Negara forex reserves higher at US$109bil

5/3/2021 1:01:00 PM

Bank Negara forex reserves higher at US$109bil

KUALA LUMPUR: Bank Negara Malaysia’s (BNM) international reserves increased by US$400mil to US$109bil as at Feb 26,2021 compared to US$108.6bil as at Jan 29.

The central bank said the main components of the international reserves were foreign currency reserves (US$100.6 billion), International Monetary Fund reserves position (US$1.5 billion), Special Drawing Rights (SDRs) (US$1.2 billion), gold (US$2.4 billion), and other reserve assets (US$3.3 billion).

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The assets comprised gold and foreign exchange and other reserves, including SDRs amounting to RM437.92 billion, Malaysian government papers (RM11.17 billion), deposits with financial institutions (RM2.72 billion), loans and advances (RM18.68 billion), land and buildings (RM4.16 billion), and other assets (RM16.54 billion).

The central bank said capital and liabilities comprised paid-up capital (RM100 million), reserves (RM169.99 billion), currency in circulation (RM139.12 billion), deposits by financial institutions (RM138.79 billion), federal government deposits (RM9.19 billion), other deposits (RM14.97 billion), Bank Negara papers (RM9 billion), allocation of SDRs (RM7.79 billion), and other liabilities (RM5.22 billion). - Bernama headtopics.com

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