KUALA LUMPUR, Sept 30 — Bank Negara Malaysia's (BNM) official reserves assets as at August 31, 2020 stood at US$104.41 billion (RM434.3 billion), in accordance with the International Monetary Fund’s Special Data Dissemination Standard (IMF SDDS) format.
In a statement today, Bank Negara Malaysia (BNM) said other foreign currency assets amounted to US$1.61 billion (RM6.69 billion) as at end-August 2020.
"For the next 12 months, the predetermined short-term outflows of foreign currency loans, securities and deposits, which include, among others, scheduled repayment of external borrowings by the government and repayment arising from the maturity of foreign currency Bank Negara Interbank Bills, amounted to US$8.72 billion (RM36.2 billion)," it said.
The central bank said the short forward positions amounted to US$8.37 billion (RM34.78 billion) while long forward positions amounted to US$1.58 billion (RM6.56 billion) as at end-August 2020, 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.
According to BNM, projected foreign currency inflows amount to US$2.31 billion (RM9.6 billion) in the next 12 months, and 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$277.1 million (RM1.1billion).
"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.
"Bank Negara Malaysia also does not engage in foreign currency options vis-a-vis ringgit," it said.
— Bernama
