The international reserves of Bank Negara Malaysia amounted to RM427 billion (equivalent to USD130.9 billion) as at 30 May 2014. The reserves position is sufficient to finance 9.1 months of retained imports and is 1.3 times the short-term external debt ^[1]

^[1]Refers to the redefined short-term external debt, which includes short-term offshore borrowing, non-resident holdings of short-term ringgit debt securities, non-resident deposits with the banking system and other short-term debt. For more information, please refer to the box article entitled 'The Redefinition of External Debt' in the Quarterly Bulletin on Economic and Financial Developments in the Malaysian Economy in the First Quarter of 2014.