M'sia's reserves remain usable: BNM
Published on: Wednesday, March 01, 2017
Kuala Lumpur: The detailed breakdown of Malaysia's international reserves under the International Monetary Fund's Special Data Dissemination Standard (IMF SDDS) format indicates that as at end-January 2017, the country's reserves remained usable.In a statement Tuesday, Bank Negara Malaysia (BNM) said the official reserve assets amounted to US$94.98 billion, while other foreign currency assets were at US$348.6 million as at end-January 2017. The central bank said 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$247.5 million.
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Meanwhile, the short forward positions amounted to US$9.62 billion as at end-January 2017, reflecting efforts to manage the ringgit liquidity in the financial system. Stay up-to-date by following Daily Express’s Telegram channel.
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