|
Ref No : 12/12/10
Embargo : Not for publication or broadcast before 12 00 hours on Monday 31 December 2012
Detailed Disclosure of International Reserves as at end-November 2012
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 USD139,060.8 million, while other foreign currency assets amounted to USD9,488.9 million as at end-November 2012. As shown in Table II, for the next 12 months, the predetermined short-term outflows of foreign currency loans would amount to USD350.2 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 USD4,737.5 million in the next 12 months. Long forward positions amounted to USD7,420 million as at end-November 2012. As shown in Table III, the only contingent short-term net drain on foreign currency assets are Government guarantees of foreign debt due within one year, amounting to USD112.8 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 foreign currency options vis-a-vis ringgit.
Overall, the detailed breakdown of international reserves under the IMF SDDS format indicates that as at end-November 2012, Malaysia's reserves remain usable and unencumbered.
Table II: Predetermined short-term net drains on foreign currency assets
Table III: Contingent short-term net drains on foreign currency assets
Table IV: Memo Items
Bank Negara Malaysia
31 December 2012
31 December 2012
© Bank Negara Malaysia, 2012. All rights reserved.
