Bank Negara has reserves of RM431b
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Bank Negara has reserves of RM431b
Bank Negara has reserves of RM431b
Business & Markets 2013
Written by Bernama
Monday, 08 April 2013 09:51
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KUALA LUMPUR: Bank Negara Malaysia’s international reserves totalled US$139.7 billion (RM431.3 billion) as at March 29.
The reserves level took into account the quarterly adjustment for foreign exchange revaluation changes.
The central bank said the reserves position was sufficient to finance 9.7 months of retained imports and was 4.6 times the short-term external debt.
The international reserves comprised foreign currency reserves (US$126.8 billion), International Monetary Fund reserves (US$900 million), Special Drawing Rights (US$1.9 billion), gold (US$1.9 billion) and other reserve assets (US$8.2 billion). Bank Negara’s total assets, including international reserves, stood at RM478.51 billion as of March 29, Bank Negara said in a statement.
Assets other than international reserves include Malaysian government papers (RM2.19 billion), deposits with financial institutions (RM26.7 billion), loans and advances (RM9.37 billion) and other assets (RM8.97 billion).
Its capital and liabilities comprised paid-up capital (RM100 million), general reserve fund (RM28.36 billion), currency in circulation (RM70.37 billion), deposits by financial institutions (RM209.41 billion), federal government’s deposit (RM5.41 billion), other deposits (RM4.22 billion), Bank Negara papers (RM135.21 billion), allocation of Special Drawing Rights (RM6.25 billion) and other liabilities (RM19.16 billion). — Bernama
This article first appeared in The Edge Financial Daily, on April 8, 2013.
Business & Markets 2013
Written by Bernama
Monday, 08 April 2013 09:51
A + / A - / Reset
KUALA LUMPUR: Bank Negara Malaysia’s international reserves totalled US$139.7 billion (RM431.3 billion) as at March 29.
The reserves level took into account the quarterly adjustment for foreign exchange revaluation changes.
The central bank said the reserves position was sufficient to finance 9.7 months of retained imports and was 4.6 times the short-term external debt.
The international reserves comprised foreign currency reserves (US$126.8 billion), International Monetary Fund reserves (US$900 million), Special Drawing Rights (US$1.9 billion), gold (US$1.9 billion) and other reserve assets (US$8.2 billion). Bank Negara’s total assets, including international reserves, stood at RM478.51 billion as of March 29, Bank Negara said in a statement.
Assets other than international reserves include Malaysian government papers (RM2.19 billion), deposits with financial institutions (RM26.7 billion), loans and advances (RM9.37 billion) and other assets (RM8.97 billion).
Its capital and liabilities comprised paid-up capital (RM100 million), general reserve fund (RM28.36 billion), currency in circulation (RM70.37 billion), deposits by financial institutions (RM209.41 billion), federal government’s deposit (RM5.41 billion), other deposits (RM4.22 billion), Bank Negara papers (RM135.21 billion), allocation of Special Drawing Rights (RM6.25 billion) and other liabilities (RM19.16 billion). — Bernama
This article first appeared in The Edge Financial Daily, on April 8, 2013.
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