BNM’s International Reserves Decline to US$117.6 Billion as of October 2024.

KUALA LUMPUR: Malaysia's international reserves stood at US$117.6 billion (US$1 = RM4.40) as of October 30, 2024, compared to US$119.6 billion on October 15, 2024. The reserves position was sufficient to finance 4.8 months of imports of goods and services and was 0.9 times the total short-term external debt, Bank Negara Malaysia (BNM) said in a statement. According to BERNAMA News Agency, the main components of the reserves were foreign currency reserves amounting to US$104.6 billion, followed by the International Monetary Fund reserves position at US$1.3 billion, special drawing rights (SDRs) at US$5.9 billion, gold at US$3.3 billion, and other reserve assets totaling US$2.5 billion. Total assets amounted to RM587.94 billion, comprising gold and foreign exchange reserves, including SDRs at RM482.82 billion, Malaysian government papers at RM12.81 billion, deposits with financial institutions at RM3.58 billion, loans and advances at RM25.80 billion, land and buildings at RM4.57 billion, and other assets at R M58.36 billion. BNM stated that total capital and liabilities amounted to RM587.94 billion, comprising paid-up capital at RM100 million, reserves at RM174.74 billion, currency in circulation at RM165.26 billion, deposits by financial institutions at RM134.37 billion, federal government deposits at RM6.75 billion, other deposits at RM64.72 billion, Bank Negara papers at RM11.57 billion, allocation of SDRs at RM27.22 billion, and other liabilities at RM3.21 billion.