BANK Negara Malaysia’s international reserves fell to US$111.4 billion as at June 30 from US$113 billion recorded on June 15.

In a statement today, the central bank said the reserves level has taken into account the quarterly foreign exchange revaluation changes.

It said the reserves position is sufficient to finance five months of imports of goods and services and is one time the total short-term external debt.

The main components of the reserves were foreign currency reserves (US$99.2 billion), International Monetary Fund reserves (US$1.4 billion), special drawing rights (SDRs) (US$5.7 billion), gold (US$2.4 billion) and other reserve assets (US$2.7 billion).

Total assets stood at RM622.48 billion, comprising gold and foreign exchange and other reserves, including SDRs (RM522.05 billion), Malaysian government papers (RM12.59 billion), loans and advances (RM23.60 billion), land and buildings (RM4.14 billion) and other assets (RM60.09 billion).

Bank Negara also said capital and liabilities comprised paid-up capital (RM100 million), reserves (RM181.92 billion), currency in circulation (RM160.11 billion), deposits by financial institutions (RM182.29 billion), federal government deposits (RM6.39 billion), other deposits (RM38.25 billion), Bank Negara papers (RM19.41 billion), allocation of SDRs (RM29.96 billion) and other liabilities (RM4.05 billion). – Bernama, July 7, 2023.