The Monetary Policy Committee (MPC) meeting of the Central Bank of Malaysia (BNM) opened today with Malaysia's international reserves down 2.4% at $108.2 billion as of 30 August.
According to a statement from BNM, despite the decline, the national reserve position is said to be still sufficient to finance 5.4 months of imports of goods and services and 1.1 times the amount of short-term foreign debt.
In addition, the country's foreign currency reserves also declined by 2.4% at $96.1 billion on August 30 from $98.5 billion on August 15 while other reserve assets also decreased by $2.8 billion from $3.1 billion.
But other key components of international reserves such as International Monetary Fund reserves were unchanged at $1.3 billion while special drawing rights (SDR) at $5.7 billion and gold at $2.3 billion.
More details are as follows:
Gold assets, foreign exchange and other reserves including SDR at RM476.5 billion.
Malaysian government paper at RM12.12 billion.
Loans and advances at RM23.64 billion.
Land and building at RM4.14 billion.
Other assets at RM43.18 billion.
Capital and liabilities consist of paid-up capital at RM100 million.
Reserves at RM161.65 billion.
Currency in circulation at RM157.23 billion.
Deposits by financial institutions at RM165.97 billion.
Federal government deposits at RM12.96 billion.
Other deposits at RM12.06 billion.
Bank Negara Paper at RM8.26 billion.
SDR allocation at RM28.25 billion.
Other liabilities at RM4.1 billion.
