INTERNATIONAL RESERVES OF THE BANGKO SENTRAL NG PILIPINAS  1                
  end of period                                        
  in million US dollars                                  
                                      Short-Term  
  External Debt Cover  
  Reserve  (in percent)  
  Position in Foreign Foreign Import Original   Residual  
  GIR the Fund Gold SDRs Investments Exchange Cover 2 Maturity Maturity  3  
  (1)= (2) (3) (4) (5) (6) (7) (8) (9)  
          (2 to 6)                                  
   
  2000 Dec 15,062.82 113.44 1,972.65 1.93 12,388.35 586.46 3.48 274.12 163.92  
  2001 Dec 15,692.24 109.37 2,216.17 13.99 12,805.30 547.41 4.04 261.54 143.64  
  2002 Dec   16,364.76 118.22 3,035.85 10.21 12,732.29 468.19 3.99 294.38 143.66  
  2003 Dec   17,063.06 129.81 3,408.19 1.77 12,945.41 577.88 4.08 276.15 140.66  
   
  2004 Jan   16,281.35 129.40 3,236.07 9.17 12,326.43 580.28 3.87 263.49 132.05  
  Feb   15,931.47 129.30 3,100.40 2.19 12,268.69 430.89 3.77 256.79 136.22  
  Mar   16,534.15 129.33 3,317.01 2.19 12,568.27 517.35 3.89 220.75 127.57  
  Apr   16,604.10 126.83 3,050.15 7.23 13,201.13 218.76 3.88 229.34 134.33  
  May   16,745.23 128.31 3,137.45 1.34 13,287.48 190.65 3.92 234.53 136.07  
  Jun   16,378.05 128.09 3,170.77 1.34 12,833.60 244.26 3.79 246.88 140.18  
  Jul   16,152.30 127.45 3,216.25 7.89 12,538.05 262.66 3.71 243.48 137.64  
  Aug   16,200.50 127.71 3,312.78 0.99 12,398.40 360.62 3.70 244.20 136.86  
  Sep   16,140.04 128.44 3,400.98 0.99 12,336.80 272.83 3.64 282.22 148.72  
  Oct   16,117.90 130.97 3,263.78 7.76 12,374.96 340.43 3.59 292.04 149.12  
  Nov   16,071.41 134.29 3,239.53 0.99 12,399.77 296.83 3.56 291.20 149.64  
  Dec   16,227.91 135.33 3,112.07 1.00 12,742.09 237.42 3.60 321.60 156.94  
   
  2005 Jan   15,745.60 132.94 2,866.31 8.58 12,288.56 449.21 3.48 312.04 156.80  
  Feb   16,530.40 133.94 2,882.82 2.30 13,023.90 487.44 3.65 348.30 169.18  
  Mar 16,525.61 132.10 2,699.35 2.27 13,325.75 366.14 3.66 299.87 159.98  
  Apr 16,718.76 132.12 2,643.73 6.04 13,581.05 355.82 3.69 303.37 161.44  
  May 17,281.03 128.96 2,495.72 0.31 14,304.62 351.42 3.80 313.57 168.76  
  Jun 17,723.13 127.35 2,582.32 0.30 14,604.07 409.09 3.87 290.59 163.54  
  Jul 17,668.79 127.02 2,592.35 6.11 14,387.96 555.35 3.85 289.70 162.67  
  Aug 17,943.65 127.72 2,533.55 0.56 14,860.59 421.23 3.87 299.06 171.84  
  Sep 18,542.31 126.81 2,568.75 0.56 15,386.53 459.66 3.94 296.77 176.41  
  Oct 18,097.87 126.25 2,462.16 4.88 15,031.76 472.82 3.85 289.66 163.75  
  Nov 18,058.62 124.59 2,554.83 0.11 14,958.89 420.20 3.82 289.03 163.60  
  Dec 18,495.28 125.04 2,568.38 0.11 15,345.45 456.30 3.85 296.02 160.84  
   
  2006 Jan 20,480.46 126.45 2,658.62 4.44 17,190.51 500.44 4.26 327.79 176.49  
  Feb 20,586.02 125.54 2,612.17 -0.38 17,341.55 507.14 4.28 329.48 177.22  
  Mar p/ 20,843.63 126.05 2,797.31 -0.38 17,388.00 532.65 4.34 333.60 177.74  
                                             
  1 Figures from 2000 to 2004 were revised to reflect the reclassification of released collaterals on Brady Bonds from  
  non-international reserves (non-IR)  to IR-eligible assets of the BSP.  This is in line with the treatment of foreign investments  
  under R.A. No. 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.   
  As of March 2006, figures starting 1999 were revised to account for the adjustments in imports of goods and payments of services
  and income in accordance with the recommendations of the IMF's peripatetic mission to align the compilation of the Philippine BOP  
  statistics with international standards.  
  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