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 Jan 11,708.07 121.26 11,586.81 1,557.80 1.20 9,843.93 183.88 3.34 162.95 107.26  
  Feb 12,283.60 118.84 12,164.76 1,584.87 1.99 10,317.05 260.84 3.50 170.96 112.19  
  Mar 12,986.34 118.04 12,868.30 1,564.67 2.33 10,905.26 396.05 3.70 191.34 123.62  
  Apr 13,845.12 117.85 13,727.27 1,585.40 24.53 11,891.26 226.08 3.90 203.99 131.48  
  May 13,775.57 117.14 13,658.42 1,552.30 1.08 11,549.29 555.76 3.84 202.97 130.11  
  Jun 13,865.42 116.49 13,748.93 1,526.04 1.11 11,992.91 228.88 3.77 212.11 134.97  
  Jul 13,993.47 118.64 13,874.83 1,545.99 18.66 12,016.51 293.66 3.73 214.07 135.96  
  Aug 14,227.09 118.57 14,108.52 1,540.65 1.62 12,380.52 185.73 3.72 217.64 138.58  
  Sep 14,613.62 120.20 14,493.42 1,834.57 1.65 12,390.41 266.79 3.75 220.15 141.11  
  Oct 14,653.18 120.72 14,532.46 1,792.67 1.65 12,479.71 258.44 3.69 220.75 144.05  
  Nov 14,788.11 119.51 14,668.59 1,796.83 19.07 12,370.04 482.66 3.68 222.78 148.03  
  1999 Dec 15,063.98 119.54 14,944.46 1,782.20 19.08 12,901.27 241.91 3.68 304.38 188.04  
     
  2000 Jan 14,806.62 118.41 14,688.21 1,856.23 34.53 12,443.25 354.20 3.59 257.03 165.11  
  Feb 14,621.34 116.64 14,504.70 1,883.21 12.82 12,118.25 490.42 3.50 253.80 158.31  
  Mar 16,055.68 117.09 15,938.59 1,800.68 12.47 13,657.09 468.36 3.83 266.51 170.64  
  Apr 15,880.69 115.63 15,765.06 1,837.77 37.54 13,391.35 498.39 3.78 263.60 164.12  
  May 15,479.21 115.39 15,363.82 1,840.45 25.07 13,125.93 372.36 3.68 256.91 160.97  
  Jun 15,412.90 116.41 15,296.49 1,964.28 3.60 13,021.47 307.13 3.66 259.12 164.61  
  Jul 14,847.93 114.66 14,733.27 1,890.37 28.02 12,459.56 355.33 3.53 249.59 158.82  
  Aug 15,468.43 113.42 15,355.00 1,862.69 10.54 13,224.29 257.48 3.67 260.05 165.67  
  Sep 14,944.48 113.23 14,831.25 1,926.60 10.29 12,325.18 569.18 3.51 266.77 164.48  
  Oct 14,455.39 111.95 14,343.44 1,884.76 31.38 12,108.11 319.18 3.36 258.01 158.42  
  Nov 14,532.71 111.17 14,421.54 1,934.53 1.47 12,092.63 392.91 3.35 259.39 157.25  
  2000 Dec 15,062.82 113.44 14,949.38 1,972.65 1.93 12,388.35 586.46 3.48 274.12 163.92  
     
  2001 Jan 14,405.22 112.48 14,292.74 1,932.81 35.47 11,896.10 428.36 3.31 242.19 148.86  
  Feb 14,194.61 112.35 14,082.26 1,961.40 6.25 11,789.53 325.08 3.32 238.65 147.43  
  Mar 14,709.74 110.45 14,599.29 1,906.64 6.52 12,225.67 460.46 3.45 281.80 161.93  
  Apr 14,481.96 110.84 14,371.12 1,951.23 6.55 11,655.49 757.85 3.39 277.43 164.46  
  May 14,483.48 109.39 14,374.09 1,984.81 1.76 11,710.08 677.44 3.39 277.46 160.41  
  Jun 14,596.50 108.66 14,487.84 1,981.19 2.91 12,029.68 474.06 3.44 271.61 153.16  
  Jul 14,364.12 109.54 14,254.58 2,001.19 4.81 11,765.36 483.22 3.40 264.83 146.16  
  Aug 14,275.95 111.82 14,164.13 2,085.00 7.33 11,454.97 616.83 3.41 263.20 140.04  
  Sep 14,584.78 112.50 14,472.28 2,246.47 7.91 11,605.02 612.88 3.55 250.30 137.83  
  Oct 14,430.21 111.50 14,318.71 2,218.00 33.42 11,364.15 703.14 3.59 243.47 133.49  
  Nov 14,831.34 110.09 14,721.25 2,178.72 15.11 11,846.85 680.57 3.77 250.23 136.10  
  2001 Dec 15,692.24 109.37 15,582.87 2,216.17 13.99 12,805.30 547.41 4.04 261.54 143.64  
     
  2002 Jan 16,335.96 108.45 16,227.51 2,250.66 13.88 13,414.02 548.95 4.36 276.88 149.51  
  Feb 16,271.51 108.18 16,163.33 2,371.91 16.81 13,213.45 561.16 4.34 275.79 150.56  
  Mar 17,351.62 108.71 17,242.91 2,375.93 16.15 14,340.55 510.28 4.60 311.80 162.93  
  Apr 17,138.81 110.72 17,028.09 2,501.36 16.37 13,987.62 522.74 4.49 316.51 158.09  
  May 17,134.47 112.45 17,022.02 2,643.53 3.48 13,876.66 498.35 4.48 322.38 161.75  
  June 16,953.69 115.25 16,838.44 2,626.73 3.91 13,521.20 686.60 4.40 292.36 155.05  
  July 16,160.27 115.68 16,044.59 2,527.45 37.06 13,010.11 469.97 4.16 278.67 148.55  
  Aug 16,181.71 115.77 16,065.94 2,616.28 23.44 12,927.06 499.16 4.10 272.01 146.89  
  Sep 16,063.24 115.04 15,948.20 2,708.05 23.29 12,739.76 477.10 4.02 273.60 145.13  
  Oct 15,981.54 115.23 15,866.31 2,716.10 23.33 12,679.05 447.83 3.98 258.98 137.81  
  Nov 15,790.16 115.62 15,674.54 2,723.86 10.72 12,481.44 458.52 3.87 268.95 142.92  
  2002 Dec 16,364.76 118.22 16,246.53 3,035.85 10.21 12,732.29 468.19 3.99 294.38 143.66  
     
     
  2003 Jan 16,605.72 120.14 16,485.58 3,071.75 10.29 12,943.67 459.87 3.98 298.77 145.80  
  Feb 16,323.93 119.64 16,204.29 2,958.18 2.09 12,765.84 478.18 3.86 293.70 135.45  
  Mar 16,157.50 119.90 16,037.60 2,960.94 2.09 12,387.07 687.50 3.81 251.56 140.97  
  Apr 16,392.34 121.47 16,270.87 3,006.99 16.04 12,768.91 478.93 3.90 247.51 124.51  
  May 16,264.06 123.93 16,140.13 3,224.50 6.38 12,416.30 492.95 3.85 257.22 126.05  
  Jun 16,043.57 122.26 15,921.31 3,031.99 8.00 12,269.01 612.31 3.82 257.07 124.41  
  Jul 16,298.95 121.48 16,177.47 3,123.10 10.32 12,539.71 504.34 3.89 265.41 127.96  
  Aug 16,354.11 120.32 16,233.79 3,280.30 1.94 12,533.18 418.37 3.95 253.91 126.03  
  Sep 16,357.47 124.90 16,232.57 3,250.35 2.01 12,541.92 438.29 3.98 262.64 126.73  
  Oct 17,068.56 125.08 16,943.48 3,308.71 9.17 13,047.83 577.77 4.13 283.15 137.64  
  Nov 17,021.95 125.76 16,896.19 3,425.81 1.72 12,993.15 475.51 4.11 289.59 137.23  
  2003 Dec 17,063.06 129.81 16,933.25 3,408.19 1.77 12,945.41 577.88 4.08 276.15 140.66  
     
  2004 Jan 16,281.35 129.40 16,151.95 3,236.07 9.17 12,326.43 580.28 3.87 263.49 132.05  
  Feb 15,931.47 129.30 15,802.17 3,100.40 2.19 12,268.69 430.89 3.77 256.79 136.22  
  Mar 16,534.15 129.33 16,404.82 3,317.01 2.19 12,568.27 517.35 3.89 220.75 127.57  
  Apr 16,604.10 126.83 16,477.27 3,050.15 7.23 13,201.13 218.76 3.88 229.34 134.33  
  May 16,745.23 128.31 16,616.92 3,137.45 1.34 13,287.48 190.65 3.92 234.53 136.07  
  Jun 16,378.05 128.09 16,249.97 3,170.77 1.34 12,833.60 244.26 3.79 246.88 140.18  
  Jul 16,152.30 127.45 16,024.85 3,216.25 7.89 12,538.05 262.66 3.71 243.48 137.64  
  Aug 16,200.50 127.71 16,072.79 3,312.78 0.99 12,398.40 360.62 3.70 244.20 136.86  
  Sep 16,140.04 128.44 16,011.60 3,400.98 0.99 12,336.80 272.83 3.64 282.22 148.72  
  Oct 16,117.90 130.97 15,986.93 3,263.78 7.76 12,374.96 340.43 3.59 292.04 149.12  
  Nov 16,071.41 134.29 15,937.12 3,239.53 0.99 12,399.77 296.83 3.56 291.20 149.64  
  Dec 4 16,227.91 135.33 16,092.58 3,112.07 1.00 12,742.09 237.42 3.60 321.60 156.94  
  Dec 5 16,528.49 135.33   3,112.07 1.00 13,086.96 193.13 3.67 327.56 159.85  
     
  2005 Jan 15,745.60 132.94 15,612.66 2,866.31 8.58 12,288.56 449.21 3.48 312.04 156.83  
  Feb 16,530.40 133.94 16,396.46 2,882.82 2.30 13,023.90 487.44 3.66 348.30 169.26  
  Mar 16,525.61 132.10 16,393.51 2,699.35 2.27 13,325.75 366.14 3.67 299.87 160.21  
  Apr 16,718.76 132.12 16,586.64 2,643.73 6.04 13,581.05 355.82 3.69 303.37 157.84  
  May 17,281.03 128.96 17,152.07 2,495.72 0.31 14,304.62 351.42 3.79 313.57 165.10  
  Jun 17,723.13 127.35 17,595.78 2,582.32 0.30 14,604.07 409.09 3.86 290.59 155.03  
  Jul 17,668.79 127.02 17,541.77 2,592.35 6.11 14,387.96 555.35 3.83 289.70 154.37  
  Aug 17,943.65 127.72 17,815.93 2,533.55 0.56 14,860.59 421.23 3.85 299.06 162.80  
  Sep 18,542.31 126.81 18,415.50 2,568.75 0.56 15,386.53 459.66 3.93 296.77 167.23  
  Oct 18,097.87 126.25 17,971.62 2,462.16 4.88 15,031.76 472.82 3.82 289.66 159.24  
  Nov 18,058.62 124.59 17,934.03 2,554.83 0.11 14,958.89 420.20 3.80 289.03 158.15  
  Dec 18,494.35 125.04 18,369.31 2,568.38 0.84 15,397.53 402.56 3.83 289.20 154.51  
     
  2006 Jan 20,401.77 126.45 20,275.32 2,658.62 5.19 17,117.26 494.25 4.19 325.39 170.84  
  Feb 20,481.81 125.54 20,356.27 2,612.17 0.36 17,242.78 500.96 4.18 326.66 171.71  
  Mar 20,645.34 126.05 20,519.29 2,797.31 0.36 17,208.85 512.77 4.16 335.81 173.17  
  Apr 20,852.48 129.19 20,723.29 3,042.94 5.53 17,203.83 470.99 4.20 339.18 173.45  
  May 20,949.91 130.72 20,819.19 2,849.39 0.89 17,503.48 465.43 4.22 340.76 174.38  
  Jun 21,123.47 129.42 20,994.05 2,903.60 0.88 17,647.94 441.63 4.26 343.58 182.57  
  Jul p 21,163.79 129.90 21,033.89 2,940.65 5.28 17,810.07 277.89 4.27 349.93 186.25  
                                             
  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.   
  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.   
  4 Official figures for end-December 2004.  
  5 Adjusted figures for end-December 2004 to effect the adoption of the International Accounting Standards, particularly with regard to the  
  shift to mark-to-market valuation, for comparability with end-December 2005 data.  
  p Preliminary  
   
  Source:  Bangko Sentral ng Pilipinas