Hottest Online News Portal

Malaysia’s Reserves Remain Usable As At End-March 2018

in Latest

KUALA LUMPUR – Malaysia’s reserves remained usable as at end-March 2018 with official reserve assets at US$107.82 billion, in accordance with the International Monetary Fund’s Special Data Dissemination Standard (IMF SDDS) format.

In a statement, Bank Negara Malaysia (BNM) said other foreign currency assets amounted to US$1.32 billion.

“For the next 12 months, the pre-determined short-term outflows of foreign currency loans arising from scheduled repayment of external borrowings by the government would amount to US$233.5 million.

“The short forward positions amounted to US$6.94 billion as at end-March 2018, reflecting the management of ringgit liquidity in the financial system,” it said.

In line with the practice adopted since April 2006, BNM said the data excludes projected foreign currency inflows arising from interest income and the drawdown of project loans amounting to US$2.49 billion in the next 12 months.

The bank said the only contingent short-term net drain on foreign currency assets were government guarantees of foreign debt due within one year, amounting to US$90.2 million.

“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.

“BNM also does not engage in foreign currency options vis-à-vis ringgit,” it added. – BERNAMA

Tags:

Latest from Latest

Go to Top