INTERNATIONAL RESERVES OF THE BANGKO SENTRAL NG PILIPINAS  1            
  end of period                                      
  in million US dollars                                    
                                        Short-Term  
  (HIDE External Debt Cover  
  Reserve BEFORE (in percent)  
  Position in PRINTING) Foreign Foreign Import Original   Residual  
  GIR the Fund Total Gold SDRs Investments Exchange Cover 2 Maturity Maturity  3  
  (1)= (2)   (3) (4) (5) (6) (7) (8) (9)  
          (2 to 6)                                    
     
  1999 Dec 15,063.98 119.54 14,944.46 1,782.20 19.08 12,901.27 241.91 4.49 304.38 188.04  
  2000 Dec 15,062.82 113.44 14,949.38 1,972.65 1.93 12,388.35 586.46 4.20 274.12 163.92  
  2001 Dec 15,692.24 109.37 15,582.87 2,216.17 13.99 12,805.30 547.41 4.61 261.54 143.64  
  2002 Dec   16,364.76 118.22 16,246.53 3,035.85 10.21 12,732.29 468.19 4.70 294.38 143.66  
     
  2003 Jan   16,605.72 120.14 16,485.58 3,071.75 10.29 12,943.67 459.87 4.63 298.77 145.80  
  Feb   16,323.93 119.64 16,204.29 2,958.18 2.09 12,765.84 478.18 4.46 293.70 135.45  
  Mar   16,157.50 119.90 16,037.60 2,960.94 2.09 12,387.07 687.50 4.32 251.56 140.97  
  Apr   16,392.34 121.47 16,270.87 3,006.99 16.04 12,768.91 478.93 4.37 247.51 124.51  
  May   16,264.06 123.93 16,140.13 3,224.50 6.38 12,416.30 492.95 4.26 257.22 126.05  
  Jun   16,043.57 122.26 15,921.31 3,031.99 8.00 12,269.01 612.31 4.19 257.07 124.41  
  Jul   16,298.95 121.48 16,177.47 3,123.10 10.32 12,539.71 504.34 4.22 265.41 127.96  
  Aug   16,354.11 120.32 16,233.79 3,280.30 1.94 12,533.18 418.37 4.23 253.91 126.03  
  Sep   16,357.47 124.90 16,232.57 3,250.35 2.01 12,541.92 438.29 4.22 262.64 126.73  
  Oct   17,068.56 125.08 16,943.48 3,308.71 9.17 13,047.83 577.77 4.35 283.15 137.64  
  Nov   17,021.95 125.76 16,896.19 3,425.81 1.72 12,993.15 475.51 4.28 289.59 137.23  
  Dec   17,063.06 129.81 16,933.25 3,408.19 1.77 12,945.41 577.88 4.22 276.15 140.66  
     
  2004 Jan   16,281.35 129.40 16,151.95 3,236.07 9.17 12,326.43 580.28 4.00 263.49 133.03  
  Feb   15,931.47 129.30 15,802.17 3,100.40 2.19 12,268.69 430.89 3.88 256.79 137.58  
  Mar   16,534.15 129.33 16,404.82 3,317.01 2.19 12,568.27 517.35 4.01 220.75 129.70  
  Apr   16,604.10 126.83 16,477.27 3,050.15 7.23 13,201.13 218.76 3.99 229.34 136.65  
  May   16,745.23 128.31 16,616.92 3,137.45 1.34 13,287.48 190.65 4.03 234.53 138.70  
  Jun   16,378.05 128.09 16,249.97 3,170.77 1.34 12,833.60 244.26 3.90 246.88 141.83  
  Jul   16,152.30 127.45 16,024.85 3,216.25 7.89 12,538.05 262.66 3.81 243.48 140.61  
  Aug   16,200.50 127.71 16,072.79 3,312.78 0.99 12,398.40 360.62 3.78 244.20 139.05  
  Sep   16,140.04 128.44 16,011.60 3,400.98 0.99 12,336.80 272.83 3.72 282.22 153.39  
  Oct   16,117.90 130.97 15,986.93 3,263.78 7.76 12,374.96 340.43 3.66 292.04 152.85  
  Nov   16,071.41 134.29 15,937.12 3,239.53 0.99 12,399.77 296.83 3.63 291.20 152.10  
  Dec   16,227.91 135.33 16,092.58 3,112.07 1.00 12,742.09 237.42 3.66 321.60 159.57  
     
  2005 Jan   15,745.60 132.94 15,612.66 2,866.31 8.58 12,288.56 449.21 3.55 312.04 157.46  
  Feb   16,530.40 133.94 16,396.46 2,882.82 2.30 13,023.90 487.44 3.73 348.30 168.88  
  Mar 16,525.61 132.10 16,393.51 2,699.35 2.27 13,325.75 366.14 3.73 348.20 170.26  
  Apr 16,718.76 132.12 16,586.64 2,643.73 6.04 13,581.05 355.82 3.77 352.27 171.76  
  May p/ 17,337.28 128.96 17,208.32 2,495.73 0.29 14,360.44 351.86 3.91 365.30 179.29  
                                               
  1 Figures from 1994 to 2004 were revised to reflect the reclassification of released collaterals on Brady Bonds from non-IR to IR-eligible assets
  of the BSP.  This is in line with the treatment of foreign investments under R.A. 7651 (New Central Bank Act), which allows investments  
  in securities even for maturities over 5 years to be included as part of the GIR.  
  2 Number of months of average imports of goods and payment of services and income that can be financed by reserves.  Starting 2003,  
  figures were revised based on the adjusted merchandise import statistics as approved by the Inter-Agency Committee on Trade Statistics.  
  3 Refers to adequacy  of reserves to cover outstanding 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.    
  p/ Preliminary  
   
  Source:  Bangko Sentral ng Pilipinas