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Bank Negara’s Reserves At US$116.67bil

Bank Negara Malaysia’s reserve assets amounted to US$116.67 billion, while other foreign currency assets amounted to US$153.6 million as at end-November 2021.

The central bank said for the next 12 months, the pre-determined short-term outflows of foreign currency loans, securities and deposits amounted to US$5.48 billion.

These included scheduled repayment of external borrowings by the government and the maturity of foreign currency Bank Negara Interbank Bills.

Besides that, the central bank said the short forward positions amounted to US$7.23 billion while long forward positions amounted to US$150 million as at end-November 2021, reflecting the management of ringgit liquidity in the money market.

“In line with the practice adopted since April 2006, the data excludes projected foreign currency inflows arising from interest income and the drawdown of project loans,” it said in a statement today.

Meanwhile, Bank Negara said the projected foreign currency inflows amounted to US$2.33 billion in the next 12 months.

“There are no foreign currency loans with embedded options, no undrawn, unconditional credit lines provided by or to other central banks, international organisations, banks and other financial institutions.

“Bank Negara Malaysia also does not engage in foreign currency options vis-à-vis ringgit,” it said.

Overall, Bank Negara said the detailed breakdown of international reserves, under the International Monetary Fund’s Special Data Dissemination Standard format, indicated that as at end-November 2021, Malaysia’s international reserves remained usable. NST ONLINE

BacalahMalaysia Team

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