BNM: International reserves at US$113.8b as at June 28, 2024, enough to finance more than five months of imports

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Bank Negara Malaysia News

International Reserves

KUALA LUMPUR, July 5 — Bank Negara Malaysia’s (BNM) international reserves amounted to US$113.8 billion (US$1=RM4.7065) as at June 28, 2024, compared with US$114.1 billion as...

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As Shah Alam Stadium reduces to rubble, here’s a look at when it was home to the Red Giants, first arena of the Fifa Youth championship, and glitzy stage to BlackpinkBank Negara Malaysia’s international reserves amounted to US$113.8 billion as at June 28, 2024, compared with US$114.1 billion as at June 14, 2024. ― Picture by Firdaus LatifKUALA LUMPUR, July 5 — Bank Negara Malaysia’s international reserves amounted to US$113.8 billion as at June 28, 2024, compared with US$114.

The reserves position was sufficient to finance 5.4 months of imports of goods and services and was 1.0 times the total short-term external debt, the central bank said in a statement today. The main components of the reserves were foreign currency reserves, which stood at US$101.6 billion, followed by International Monetary Fund reserves , special drawing rights , gold and other reserve assets .

Total assets stood at RM639.88 billion, comprising gold and foreign exchange and other reserves, including SDRs , Malaysian government papers , deposits with financial institutions , loans and advances , land and buildings and other assets .BNM said capital and liabilities comprised paid-up capital , reserves , currency in circulation , deposits by financial institutions , federal government deposits and other deposits , Bank Negara papers , allocation of SDRs , and other liabilities .

 

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