The international reserves of Bank Negara Malaysia amounted to RM410.9 billion (equivalent to USD125.8 billion) as at 30 June 2008. The reserves level as at 30 June 2008 has taken into account the quarterly adjustment of the foreign exchange revaluation gain, following the strengthening of the major currencies against ringgit during the quarter. The reserves position is sufficient to finance 10 months of retained imports and is 5.1 times the short-term external debt.