kuala lumpur: Malaysia’s foreign exchange reserve assets reached US$114.42 billion (US$1 = RM4.60) and other foreign currency assets reached US$601.3 million, Bank Negara Malaysia (BNM) said. increase.
According to the International Monetary Fund’s (IMF) Special Data Dissemination Standard (SDDS) format, the detailed breakdown of foreign exchange reserves is a detailed breakdown of the size, composition and availability of foreign exchange reserves and other foreign currencies, BNM said in a statement today. It said it would provide forward-looking information. assets.
The central bank also said it would provide guidance on forecasts and potential futures of federal government and BNM foreign exchange inflows and outflows over the next 12 months.
“Over the next 12 months, the prescribed short-term outflows of foreign currency loans, securities and deposits, including scheduled repayments of foreign borrowings by the Government and maturities of Bank Negara interbank bills denominated in foreign currencies, will be up to US$16.15 million.
“Reflecting the liquidity management of the ringgit in the money market, net short forward positions reached US$22.99 billion at the end of April 2023,” it said.
BNM said the data excludes expected foreign currency inflows resulting from interest income and the drawdown of project loans, in accordance with the practice adopted since April 2006.
He added that foreign currency inflows over the next 12 months are expected to reach US$2.23 billion.
The report noted that the only contingent short-term net outflow of foreign currency assets was a government guarantee for foreign currency debt due within one year, amounting to US$371 million.
“There are no foreign currency loans with embedded options or undrawn unconditional lines of credit offered by or to other central banks, international organizations, banks or other financial institutions.
“BNM also does not offer foreign currency options against the ringgit,” the company said. –bernama
