KL's reserves at US$31.9b

KL's reserves at US$31.9b

KUALA LUMPUR (AFP): Malaysia's foreign reserves rose to 121.118 billion ringgit (US$31.9 billion) at mid-August from 120.399 billion ringgit at the end of July, the central bank said Monday.

Bank Negara Malaysia said total assets and liabilities stood at 149.269 billion ringgit against 148.514 billion ringgit previously.

Loans and advances were higher at 6.614 billion ringgit from 6.537 billion ringgit at end-July while holdings of Malaysian government paper stood at 108.108 million ringgit from 108.131 million ringgit end of July.

Currency in circulation rose to 20.171 billion ringgit from 20.085 billion ringgit at the end of July. Deposits of commercial banks, finance companies and merchant banks rose to 66.331 billion ringgit from 64.394 billion ringgit.