BNM International Reserves Rise To US$104.4 Billion
40 views · Published 6 September 2018 · 1:07 · Indexed 26 September 2026
Channel: 7Edition · 2018 · News & Politics
Bank Negara Malaysia’s (BNM) international reserves amounted to US$104.4 billion as of August 30th compared with US$104.2 billion as of August 15th, 2018. In a statement today, the central bank said, the reserves' position is sufficient to finance 7.5 months of retained imports and is 0.9 times the short-term external debt. BNM said the short-term external debt is mostly accounted by banking institutions, reflecting the centralisation of liquidity management of Malaysian banks operating in the region and the sizeable presence of foreign banks in Malaysia. The main components of the international reserves comprise foreign currency reserves, International Monetary Fund reserves, Special Drawing Rights, gold, and other reserve assets.
More from this channel
-
1:11
RM356k Worth Of Drugs Seized At Sabah Post Office
-
1:07
Cops May Set Up Fru In East M'sia
-
2:51
Najib: Be Ready For Mother Of All Elections
-
1:54
PM: Moody's Affirmation Of A3 Rating Confirms Strong Economy
-
1:41
United Nations Adopts Malaysia's Resolution Of Moderation
-
1:11
Director Fined For Failing To Remit (PCB) To (LHDN).
-
1:26
Former Deputy Director Plead Not Gulty To 146 Money Laundering Charges
-
0:49
Eco World Hits Sales Target Of Rm4 Billion In FY2017