Short-term outflows of foreign currency; reflecting the management of ringgit #liquidity in the Financial system.

Malaysia: Bank Negara Malaysia's reserve assets amounted to US$101.2 billion as at end-September this year.

Other foreign currency assets amounted to US$1.82 billion, the central bank said today.

Bank Negara said for the next 12 months, the pre-determined short-term outflows of foreign currency loans arising from scheduled repayment of external borrowings by the Government would amount to US$251.0 million.

The short forward positions, meanwhile, amounted to US$12.28 billion, reflecting the management of ringgit liquidity in the financial system.

"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 US$2.46 billion in the next 12 months.”

Bank Negara added that the only contingent short-term net drain on foreign currency assets are Government guarantees of foreign debt due within one year, amounting to US$183.2 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.

It also said it did not deal in foreign currency options vis-a-vis the ringgit.

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