The Central Bank released its International Reserves standing as of October with overall reserves coming in at US$108.53.
The official reserve assets amounted to USD108,539.1 million, while other foreign currency assets amounted to USD1.6 million as at end-October 2023.
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 USD16,481.1 million.
The net short forward positions amounted to USD25,060.6 million as at end-October 2023, reflecting the management of ringgit liquidity in the money market. The data excludes projected foreign currency inflows arising from interest income and the drawdown of project loans. Projected foreign currency inflows amount to USD2,194.1 million in the next 12 months.
BNM says the only contingent short-term net drain on foreign currency assets are Government guarantees of foreign currency debt due within one year, amounting to USD369.4 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. The Central Bank said it does not engage in foreign currency options vis-à-vis ringgit.
