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KUALA LUMPUR: Malaysia’s official reserve assets amounted to $ 105.3 billion (RM425 billion) at the end of November, while other foreign currency assets amounted to $ 1.51 billion for the same period, it said. Bank Negara Malaysia (BNM).
In a statement today, it said that the detailed breakdown of international reserves according to the format of the International Monetary Fund’s Special Data Dissemination Standard provides forward-looking information on the size, composition and usability of reserves and other assets in foreign currency, and the expected and potential. Future inflows and outflows of foreign currency from the federal government and BNM during the next 12 months.
The central bank said that for the next 12 months, the predetermined short-term outflows of foreign currency loans, securities and deposits, which included the government’s scheduled payment of external loans and the maturity of Banco Negara’s interbank bills in foreign currency, amounted to US $ 8,470 million. .
“Short term positions amounted to US $ 6,425 million, while long term positions amounted to US $ 1,485 million at the end of November 2020, reflecting the liquidity management of the ringgit in the money market.
“In accordance with the practice adopted since April 2006, the data excluded projected foreign exchange inflows derived from interest income and the provision of project loans.
“The projected inflows of foreign exchange amount to US $ 2,438 million in the next 12 months,” he said.
BNM said the only short-term contingent net drain on foreign currency assets is government guarantees on foreign currency debt due within one year, which amounted to $ 327.6 million.
“There are no foreign currency loans with built-in options, there are no unconditional unused lines of credit provided by or for other central banks, international organizations, banks and other financial institutions,” he said.
The central bank also does not participate in foreign currency options against the ringgit.
