KUALA LUMPUR, April 30 (NNN-Bernama) — Bank Negara Malaysia’s (BNM) official reserves amounted to US$108.62 billion while other foreign currency assets amounted to US$409 million as at March 31.
In a statement Friday, the central bank said for the next 12 months, the pre-determined short-term outflows of foreign currency loans, securities and deposits, which includes scheduled repayment of external borrowings by the government and the maturity of foreign currency Bank Negara Interbank Bills, amounted to US$5.58 billion.
“The short forward positions amounted to US$8.93 billion while long forward positions amounted to US$385 million as at end-March 2021, reflecting the management of ringgit liquidity in the money market.
“In line with the practice adopted since April 2006, the data excludes projected foreign currency inflows arising from interest income and the drawdown of project loans,” it said in a statement, Friday.
BNM said projected foreign currency inflows amount to US$2.37 billion in the next 12 months.
Furthermore, it said the only contingent short-term net drain on foreign currency assets are government guarantees of foreign currency debt due within one year, amounting to US$389.1 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,” it said, adding BNM also does not engage in foreign currency options vis-à-vis ringgit.
— NNN-BERNAMA
