Bank Negara issued its detailed international reserves standing as of end of June 2023 which went down slightly compared to US$111.8 billion to US$111.4 billion.
As shown official reserve assets amounted to US$111.4 billion, while other foreign currency assets amounted to USD1.8 million as at end-June 2023. For the next 12 months, the pre-determined short-term outflows of foreign currency loans, securities and deposits, which include among others, scheduled repayment of external borrowings by the Government and the maturity of foreign currency Bank Negara Interbank Bills, amounted to US$14.5 billion. The net short forward positions amounted to USD24,083.5 million as at end-June 2023, reflecting the management of ringgit liquidity in the money market.
In line with the practice adopted since April 2006, the data excludes projected foreign currency inflows arising from interest income and the drawdown of project loans. Projected foreign currency inflows amount to USD2,210.7 million in the next 12 months.
- The only contingent short-term net drain on foreign currency assets are Government guarantees of foreign currency debt due within one year, amounting to USD371.0 million. There are no foreign currency loans with embedded options, and 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 ringgit.
