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Bank Negara's International Reserves Rose To RM334.6 Billion

KUALA LUMPUR, Nov 6 (Bernama) -- Bank Negara Malaysia's international reserves increased to RM334.6 billion (US$96 billion) as at Oct 30, from RM334.2 billion (US$95.9 billion) as at Oct 15.

The reserves position is sufficient to finance 9.9 months of retained imports and is 3.9 times the short-term external debt, the central bank said in a statement today.

The gross international reserves comprised gold (US$1.2 billion), foreign currency reserves (US$86 billion), IMF Reserves position (US$400 million), special drawing rights US$2.1 billion and other reserve assets (US$6.3 billion).

The central bank assets and liabilities increased to RM364.788 billion at end October from RM364.186 billion a fortnight ago.

Apart from the international reserves, other assets included Malaysian government papers (RM2.683 billion), deposits with financial institutions (RM8.866 billion), loans and advances (RM12.683 billion), and other assets (RM5.949 billion).

Its liabilities comprised paid-up capital (RM100 million), general reserves fund (RM11.977 billion), other reserves (RM35.174 billion), currency in circulation (RM48.736 billion), deposits by financial institutions (RM166.300 billion), deposits by federal government (RM23.610 billion), other deposits (RM1.288 billion), Bank Negara papers (RM45.291 billion), allocation of Special Drawing Rights (RM7.364 billion), and other liabilities (RM24.947 billion).

-- BERNAMA

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CLOSING, FRIDAY, NOV 20
US 3.3840/3870
S'pore 2.4348/4430
100 Yen 3.8065/8103
Sterling 5.6141/6204
Euro 5.0405/0460
Source: Bank Negara Malaysia

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