KUALA LUMPUR, Feb. 1 (Xinhua) -- Malaysia's official reserve assets amounted to 116.22 billion U.S. dollars, while other foreign currency assets reached 4.5 million dollars as of December 2024, the Malaysian central bank said Friday.
For the next 12 months, the pre-determined short-term outflows of foreign currency loans, securities and deposits, which include, among others, scheduled repayment of external borrowings by the government and maturity of foreign currency Bank Negara interbank bills, amount to 10.6 billion dollars, Bank Negara Malaysia (BNM) said in a statement.
It noted that the net short forward positions amounted to 29.23 billion dollars as of December 2024, reflecting the management of ringgit liquidity in the money market.
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.
Meanwhile, the projected foreign currency inflows amount to 2.49 billion dollars in the next 12 months, said the bank.
It noted that the only contingent short-term net drain on foreign currency assets are government guarantees of foreign currency debt due within one year, amounting to 399.8 million dollars.
According to the bank, there are no foreign currency loans with embedded options, and no undrawn, unconditional credit lines provided by or to other central banks, international organizations, banks and other financial institutions.
"Overall, the detailed breakdown of international reserves under the IMF Special Data Dissemination Standard format indicates that as of end-December 2024, Malaysia's international reserves remain usable," said the bank. ■