KUALA LUMPUR, July 31 – Malaysia’s official reserve assets amounted to US$113.82 billion (US$1=RM4.61) while other foreign currency assets stood at US$513.40 million as at end-June 2024, according to Bank Negara Malaysia (BNM).
In a statement Wednesday, the central bank gave the detailed breakdown of international reserves, which provides forward-looking information on the size, composition, and usability of reserves and other foreign currency assets in line with the International Monetary Fund’s Special Data Dissemination Standard (SDDS) format.
It also provides the expected and potential future inflows and outflows of foreign exchange by the Federal Government and BNM over the next 12-month period.
“Overall, the detailed breakdown of international reserves under the IMF SDDS format indicates that as at end-June 2024, Malaysia’s international reserves remain usable,” it said in the statement.
BNM said for the next 12 months, the pre-determined short-term outflows of foreign currency loans, securities, and deposits, which include, among others, the scheduled repayment of external borrowings by the government and the maturity of foreign currency Bank Negara Interbank Bills, amounted to US$14.68 billion.
