Detailed Disclosure of International Reserves as at end-December 2009

In accordance with the IMF SDDS format, the detailed breakdown of international reserves provides forward-looking information on the size, composition and usability of reserves and other foreign currency assets, as well as the expected and potential future inflows and outflows of foreign exchange of the Federal Government and Bank Negara Malaysia over the next 12-month period.

The detailed breakdown of international reserves based on the SDDS format is shown in Tables I, II, III and IV. As shown in Table I, official reserve assets amounted to USD96,677.7 million, while other foreign currency assets amounted to USD963.8 million as at end-December 2009. As shown in Table II, for the next 12 months, the predetermined short-term outflow of foreign currency loans would amount to USD395 million arising from scheduled repayments of external borrowings by the Government. 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 amounting to USD3,248 million in the next 12 months. There were net long forward positions of USD650 million equivalent as at end-December 2009. As shown in Table III, the only contingent short-term net drains on foreign currency assets are Government guarantees of foreign debt due within one year, amounting to USD264 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. Bank Negara Malaysia also does not engage in options in foreign currencies vis-a-vis ringgit.

As at end-December 2009, 81.6% of reserves were in currencies in SDR basket while the balance (18.4%) were in non-SDR currencies.