Bank Negara Malaysia (BNM) announced that its international reserves increased by 1.05% to US$115.9 billion (RM507.35 billion) as of August 15, 2024, compared to US$114.7 billion (RM502.08 billion) as of July 31, 2024.
In a statement, the central bank emphasized that this reserves position is sufficient to finance 5.4 months of imports of goods and services and is equivalent to one time the total short-term external debt.
Breakdown of Reserves
The main components of the reserves are as follows:
- Foreign Currency Reserves: US$103.7 billion (RM453.96 billion)
- International Monetary Fund (IMF) Reserves: US$1.3 billion (RM5.69 billion)
- Special Drawing Rights (SDRs): US$5.7 billion (RM24.95 billion)
- Gold: US$2.9 billion (RM12.69 billion)
- Other Reserve Assets: US$2.3 billion (RM10.06 billion)
Total Assets and Liabilities
BNM’s total assets amounted to RM637.84 billion, which includes:
- Gold and Foreign Exchange Reserves (including SDRs): RM546.54 billion
- Malaysian Government Papers: RM12.27 billion
- Deposits with Financial Institutions: RM2.39 billion
- Loans and Advances: RM25.28 billion
- Land and Buildings: RM4.13 billion
- Other Assets: RM47.24 billion
On the liabilities side, the capital and liabilities totaled RM637.84 billion, comprising:
- Paid-up Capital: RM100 million
- Reserves: RM206 billion
- Currency in Circulation: RM165.7 billion
- Deposits by Financial Institutions: RM143.41 billion
- Federal Government Deposits: RM5.58 billion
- Other Deposits: RM66.95 billion
- Bank Negara Papers: RM16.85 billion
- Allocation of SDRs: RM29.96 billion
- Other Liabilities: RM3.28 billion
This solid reserve position reflects BNM’s ongoing commitment to maintaining a robust financial framework that can withstand economic fluctuations and ensure Malaysia’s financial stability.
