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Bank Negara reserves edge up to US$120.6bil

Bank Negara reserves edge up to US$120.6bil

KUALA LUMPUR: Bank Negara Malaysia's international reserves rose to US$120.6 billion as of June 30, up from US$119.9 billion on June 13.
In a statement, the central bank said the reserves remain healthy, covering 4.8 months of imports of goods and services and equivalent to 0.9 times the country's total short-term external debt.
The reserves comprise foreign currency reserves amounting to US$107 billion, the International Monetary Fund (IMF) reserves position (US$1.3 billion), Special Drawing Rights (US$5.9 billion), gold (US$4.1 billion) and other reserve assets (US$2.3 billion).
Total assets amounted to RM607.31 billion, comprising gold and foreign exchange and other reserves, including SDRs (RM510.06 billion), Malaysian government papers (RM13.27 billion), deposits with financial institutions (RM6.83 million), loans and advances (RM27.26 billion), land and buildings (RM4.58 billion), and other assets (RM45.31 billion).
Bank Negara said total capital and liabilities amounted to RM607.31 billion, comprising paid-up capital (RM100 million), reserves (RM189.55 billion), currency in circulation (RM171.82 billion), deposits by financial institutions (RM122.23 billion), federal government deposits (RM7.07 billion), other deposits (RM75.78 billion), Bank Negara papers (RM10.06 billion), allocation of SDRs (RM27.78 billion), and other liabilities (RM2.92 billion).
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