Bank Negara Malaysia revealed the nation’s official reserve assets amounted to RM502,338.59 million (USD108,239.3 million) from RM506 691.85 million in July, while other foreign currency assets amounted to RM24.6 million (USD5.3 million) as at end-August 2022, remains the same as the previous month.
This was highlighted in its Disclosure of International Reserves as at end-August 2022 on Sep 30 which states the potential future inflows and outflows of foreign exchange of the Federal Government and Bank Negara Malaysia over the next 12-month period.
The only contingent short-term net drain on foreign currency assets is Government guarantees of foreign currency debt due within one year, amounting to 5 million.
There are no foreign currency loans with embedded options, no undrawn, unconditional credit lines provided by or to other central banks, international organisations, banks and other financial institutions.
Bank Negara Malaysia also does not engage in foreign currency options vis-à-vis the ringgit.
Overall, the detailed breakdown of international reserves under the IMF SDDS format indicates that as at end-August 2022, Malaysia’s international reserves remain usable.
