4 INTERNATIONAL RESERVES                                       
  end-of-period                                      
  in million US dollars                                      
   
  2019 2020  
    Jan Feb Mar Apr May June Jul Aug Sep Oct Nov Dec   Jan Feb Mar p
                                           
   
  Reserve Position in the Fund 477.2 472.4 524.6 524.3 520.6 523.7 566.3 563.3 561.3 564.7 561.8 590.4 587.9 586.3 578.7  
   
  Gold 8,407.1 8,359.4 8,214.0 8,123.7 8,332.4 8015.9 r 8,015.9 8,015.9 8,015.9 8,015.9 8,015.9 8,015.9 8,015.9 8,015.9 8,015.9  
   
  SDRs 1,192.2 1,191.1 1,182.8 1,182.1 1,175.0 1,185.7 1,173.1 1,168.4 1,164.1 1,178.3 1,173.5 1,181.9 1,176.9 1,174.8 1,174.8  
   
  Foreign Investments 69,969.6 70,370.0 71,409.2 71,847.9 72,478.8 72,540.9 72,810.3 73,522.0 72,970.7 73,689.6 73,295.7 75,303.8 74,364.8 75,861.5 76,684.8  
   
  Foreign Exchange 2,441.0 2,388.0 2,282.7 2,200.8 2,850.7 2,665.4 2,610.2 2,761.4 2,869.9 2,385.6 3,180.8 2,747.5 2,723.0 2,548.4 2,541.7  
   
GIR 82,487.1 82,780.8 83,613.2 83,878.8 85,357.5 84,931.6 85,175.8 86,031.0 85,581.8 85,834.1 86,227.6 87,839.5 86,868.6 88,187.0 88,995.9  
   
  Annual Growth Rate (in %) 1.6 2.9 3.9 5.4 7.8 9.6 11.0 10.4 14.2 14.9 13.9 10.9 5.3 6.5 6.4  
   
Less:  
   
  Liabilities 8.7 10.1 14.8 19.5 20.9 4.1 8.6 10.0 14.4 18.8 20.6 3.4 7.6 9.6 9.6  
   
NIR 1 82,478.4 82,770.7 83,598.4 83,859.3 85,336.5 84,927.5 85,167.2 86,021.0 85,567.3 85,815.2 86,207.0 87,836.1 86,861.0 88,177.4 88,986.2  
   
Reserve Adequacy Measures  
   
  Import Cover 2 7.1 7.2 7.2 7.2 7.4 7.4 7.4 7.5 7.5 7.6 7.6 7.8 7.7 7.8 7.9  
   
  Short-Term External Debt Cover 3  
   
  Original Maturity 4 484.4 482.8 497.6 497.6 519.6 545.1 535.4 552.8 537.9 531.0 527.7 510.5 518.3 r 526.2 r 531.0  
   
  Residual Maturity 5 360.4 355.8 351.6 353.0 378.8 396.7 390.9 400.6 392.2 399.6 395.1 387.0 372.8 r 374.1 r 380.0  
   
Memo Item  
   
  Percent Share to Total GIR 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0  
   
  Reserve Position in the Fund 0.6 0.6 0.6 0.6 0.6 0.6 0.7 0.7 0.7 0.7 0.7 0.7 0.7 0.7 0.7  
   
  Gold 10.2 10.1 9.8 9.7 9.8 9.4 9.4 9.3 9.4 9.3 9.3 9.1 9.2 9.1 9.0  
   
  SDRs 1.4 1.4 1.4 1.4 1.4 1.4 1.4 1.4 1.4 1.4 1.4 1.3 1.4 1.3 1.3  
   
  Foreign Investments 84.8 85.0 85.4 85.7 84.9 85.4 85.5 85.5 85.3 85.9 85.0 85.7 85.6 86.0 86.2  
   
  Foreign Exchange 3.0 2.9 2.7 2.6 3.3 3.1 3.1 3.2 3.4 2.8 3.7 3.1 3.1 2.9 2.9  
                                           
   
1 Inclusive of gold monetization and revaluation of reserve assets and reserve-related liabilties which are excluded in the calculation of the balance of payments (BOP).  Net International Reserves (NIR) refer to the difference   
  between Gross International Reserves (GIR) and the total of the Bangko Sentral's short-term liabilities and the Use of Fund Credits (UFC).  UFC  refers to the sum of outstanding drawings from the IMF under various policies   
  and facilities, other than drawings under the reserve tranche.  
2 Number of months of average imports of goods and payment of services and primary income that can be financed by reserves.  Starting 2005, data are based on International Monetary Fund's Balance of Payments and International Investment Position Manual, 6th Edition (BPM6) concept.  
3 Starting December 2005, outstanding annual external debt reflects the new reporting framework in line with international standards under the latest External Debt Statistics Guide and BPM6.   
4 Based on latest available outstanding short-term external debt.   
5 Refers to adequacy  of reserves to cover outstanding external short-term debt based on original maturity plus principal payments on medium-and long-term loans of the public and private sectors falling due in the next 12 months. Figures reflect data based on outstanding external short-term debt as of 31 January 2020 and debt service schedule on outstanding external debt as of 31 December 2019.  
p Preliminary  
r Revised  
  Details may not add up to total due to rounding.  
Source:  Bangko Sentral ng Pilipinas