Bank Negara has published the detailed breakdown of international reserves with the official reserve assets amounted to
USD112.3 billion while other foreign currency assets amounted to USD3.9 million as at end-November 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 USD18,012.8 million. The net short forward positions amounted to USD23,990.5 million as at end-November 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 USD2,404.4 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 USD369.4 million. BNM says 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 also does not engage in foreign currency options vis-à-vis ringgit.
