After appointing Nor Zahidi Alias as an external member of the Monetary Policy Committee (MPC) of Bank Negara Malaysia. National Bank’s foreign exchange reserves have increased by US$200,000 to US$109.2 billion from US$109 billion on 26 February 2021. BNM said in a statement that the reserve position is sufficient to fund 1.2 times. The total amount of imported goods and short-term foreign debt held for 8.5 months. The central bank stated that international reserves mainly consist of foreign exchange reserves (US$99.6 billion). The IMF’s reserve position (US$1.5 billion), special drawing rights (SDRs) (US$1.2 billion), gold (US$240 million), and Other currency reserves (4.5bil USD).
Nor Zahidi Alias begins on January 1st for a period of two years. According to the Malaysia Central Bank Act 2009. The Monetary Policy Committee is responsible for formulating monetary policy. And conducting monetary policy operations and stipulates the appointment of external members of the Monetary Policy Committee. The National Bank stated that the appointment of Nor Zahidi and the re-election of Ghana will further strengthen the collective understanding and experience of the responsibilities and functions of the Monetary Policy Committee.
As of May 12, 2021, Bank Negara Malaysia (BNM) has international reserves of 110.6 billion U.S. dollars (1 U.S. dollar =RM 4.14). The central bank stated that the main components of international reserves are foreign exchange reserves (101.3 billion). The IMF reserve positions (1.5 billion U.S. dollars), special drawing rights (SDR) (1.2 billion U.S. dollars), gold (2.1 billion U.S. dollars) and other Reserve assets ($4.5 billion). And assets include gold and foreign exchange and other reserves. Including special drawing rights worth 458.92 billion ringgits, Malaysian government documents (11.43 billion ringgits). The financial institution deposits (2.8 billion ringgits), loans, and advances (19.85 billion ringgits). Land and buildings (RM4.16 billion) and other assets (RM15.84 billion).
As of June 15, 2021, Bank Negara Malaysia’s (BNM)’s international reserves stood at US$111 billion, up from US$110.9 billion on May 31.
It is stated that the main components of international reserves are foreign exchange reserves (102.3 billion U.S. dollars). The reserve position of the International Monetary Fund (1.4 billion U.S. dollars), special drawing rights (SDRs) (1.2 billion U.S. dollars), and gold (2.1 billion U.S. dollars). ). And other currency reserves (US$4 billion).
Assets include foreign currency and other reserves, including RM460.87 billion of special drawing rights. Malaysian government bonds (RM11.43 billion), deposits from financial institutions (RM2.19 billion), loans, and advances (RM20.2 billion) and RM1 billion. Land and buildings (RM4.16 billion) and other assets (RM15.76 billion).
The central bank stated capital and liabilities paid-in capital (RM100 million), reserves (RM178.66 billion). Cash in circulation (RM142.24 billion) and deposits of the financial sector (RM147.43 billion) are included. Federal deposit(RMB 14.52 billion), other deposits (RM 9.3 billion), Bank Negara Securities (RM 9.32 billion), Special Drawing Rights allocation (RM 7.91 billion), and other liabilities (RM 514 billion).