Malaysia's official reserve assets amounted to US $ 105.3 billion as at end-November 2020, while other foreign currency assets amounted to US $ 1.51 billion.
Bank Negara Malaysia (BNM) in a statement today said, in accordance with the Special Data Dissemination Standard (SDDS) format of the International Monetary Fund (IMF), the details of international reserves provide future information on the size, composition and usability of reserves, and foreign currency assets other, as well as the expectations and prospects of foreign exchange inflows and outflows for the Federal Government and BNM for the next 12 months.
According to the central bank as quoted by Bernama, for the next 12 months, the short-term outflows that have been identified for loans, securities and foreign currency deposits upon maturity which include the scheduled repayment of external borrowing by the Government and the maturity of Interbank Bills in BNM foreign currency amounting to US $ 8.47 billion.
“Short futures were US $ 6.425 billion while total long futures were US $ 1.485 billion at the end of November 2020, reflecting the management of ringgit liquidity in the money market.
“In line with the practice adopted since April 2006, this data does not include projections of foreign currency inflows from interest income and project loan disbursements. The projected foreign currency inflows amount to US $ 2.438 billion for the next 12 months, ”said BNM.
According to BNM, the only short-term net outflow of contingent foreign currency assets is the Government's guarantee for foreign debt in foreign currency that will mature within one year, amounting to US $ 327.6 million.
“Malaysia's international reserves do not have any foreign currency loans containing options, unused credit facilities and unconditional credit facilities provided by or to other central banks, international organizations, as well as banks and other financial institutions.
"BNM is also not involved in foreign currency option transactions against the ringgit," explained BNM.
