KUALA LUMPUR, The detailed breakdown of international reserves under the International Monetary Fund's Special Data Dissemination Standard (IMF SDDS) format indicated that as of end-November, the country's reserves remained usable, said Bank Negara Malaysia (BNM).
The central bank said in accordance with the IMF SDDS format, the detailed breakdown of international reserves provided forward-looking information on the size, composition and usability of reserves and other foreign currency assets.
It also provided the expected and potential future inflows and outflows of foreign exchange of the federal government and BNM over the next 12-month period.
BNM highlighted the country's official reserve assets amounted to US$101.87 billion , while other foreign currency assets were at US$1.83 billion as of end-November 2017. (US$1=RM4.06).
For the next 12 months, the pre-determined short-term outflows of foreign currency loans would amount to US$254.1 million, arising from scheduled repayments of external borrowings by the government.
Source: NAM NEWS NETWORK