The international reserves of Bank Negara Malaysia amounted to RM379.3 billion (equivalent to USD109.7 billion) as at 30 September 2008. The reserves level as at 30 September 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 9 months of retained imports and is 4.1 times the short-term external debt.