BNM’s International Reserves at RM399.7 Billion at Dec. 15

Kuala Lumpur, Bank Negara Malaysia (BNM)’s international reserves amounted to RM399.7 billion (equivalent to US$96.4 billion), as at Dec 15, 2016 compared with RM399.643 billion about (US$96.4 billion) recorded as at Nov 30, 2016.

In a statement today, BNM said the reserves position is sufficient to finance 8.3 months of retained imports and is 1.2 times the short-term external debt, which includes short-term offshore borrowing, non-resident holdings of short-term ringgit debt securities, non-resident deposits with the banking system, and other short-term debt.

Of the reserves, US$89 billion was in foreign currency reserves, US$1.1 billion in special drawing rights, US$1.6 billion in gold and US$800 million in IMF reserves position, with the remainder US$3.9 billion in other reserve assets.

Total assets as at Dec 15, 2016 were RM424.22 billion, while currency in circulation amounted to RM94.77 billion.

Source: Qatar News Agency