BNM’s International Reserves Increased To US$114.9 Billion As At Jan 13, 2023

Bank Negara Malaysia’s (BNM) international reserves increased to US$114.9 billion (RM492.9 billion) as of January 13, 2023, from US$114.6 billion (RM491.6 billion) recorded on December 30, 2022.

In a statement today, the central bank said the reserves position is sufficient to finance 5.3 months of imports of goods and services and is one time of the total short-term external debt.

It said under the previous import coverage measure, reserves were sufficient to finance 6.2 months of retained imports of goods.

BNM said the main components of the international reserves were foreign currency reserves (US$102.6 billion or RM440.1 billion), International Monetary Fund reserves position (US$1.4 billion or RM6 billion), Special Drawing Rights (SDRs) (US$5.7 billion or RM24.4 billion), gold (US$2.3 billion or RM9.8 billion) and other reserve assets (US$2.9 billion or RM12.4 billion).

The assets comprised gold and foreign exchange and other reserves including SDRs (RM504.52 billion), Malaysian government papers (RM12.82 billion), deposits with financial institutions (RM4.89 billion), loans and advances (RM23.70 billion), land and buildings (RM4.14 billion) and other assets (RM71.72 billion).

The central bank added that capital and liabilities comprised paid-up capital (RM100 million), reserves (RM160.36 billion), currency in circulation (RM164.62 billion), deposits by financial institutions (RM210.58 billion), Federal government deposits (RM9.78 billion), other deposits (RM38.06 billion), Bank Negara papers (RM5.95 billion), allocation of SDRs (RM28.21 billion) and other liabilities (RM4.12 billion).

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