INTERNATIONAL RESERVES OF THE BANGKO SENTRAL NG PILIPINAS             
  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 1 Maturity Maturity  2  
  (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 3.95 294.38 143.66  
  2003 Dec 17,063.06 129.81 3,408.19 1.77 12,945.41 577.88 4.03 276.15 140.66  
  2004 Dec 16,227.91 135.33 3,112.07 1.00 12,742.09 237.42 3.55 321.60 156.94  
   
  2005 Jan 15,745.60 132.94 2,866.31 8.58 12,288.56 449.21 3.44 312.04 154.55  
  Feb 16,530.40 133.94 2,882.82 2.30 13,023.90 487.44 3.62 348.30 166.29  
  Mar 16,525.61 132.10 2,699.35 2.27 13,325.75 366.14 3.63 299.87 157.25  
  Apr 16,718.76 132.12 2,643.73 6.04 13,581.05 355.82 3.65 303.37 153.20  
  May 17,281.03 128.96 2,495.72 0.31 14,304.62 351.42 3.76 313.57 155.40  
  Jun 17,723.13 127.35 2,582.32 0.30 14,604.07 409.09 3.82 290.59 149.66  
  Jul 17,668.79 127.02 2,592.35 6.11 14,387.96 555.35 3.80 289.70 149.96  
  Aug 17,943.65 127.72 2,533.55 0.56 14,860.59 421.23 3.82 299.06 152.05  
  Sep 18,542.31 126.81 2,568.75 0.56 15,386.53 459.66 3.91 296.77 147.64  
  Oct 18,097.87 126.25 2,462.16 4.88 15,031.76 472.82 3.80 289.66 140.14  
  Nov 18,058.62 124.59 2,554.83 0.11 14,958.89 420.20 3.78 289.03 136.61  
  Dec 18,494.35 125.04 2,568.38 0.84 15,397.53 402.56 3.82 289.20 131.56  
   
  2006 Jan 20,401.77 126.45 2,658.62 5.19 17,117.26 494.25 4.18 325.39 149.19  
  Feb 20,481.81 125.54 2,612.17 0.36 17,242.78 500.96 4.17 326.66 149.96  
  Mar 20,645.34 126.05 2,797.31 0.36 17,208.85 512.77 4.14 335.81 152.11  
  Apr 20,852.48 129.19 3,042.94 5.53 17,203.83 470.99 4.16 339.18 156.12  
  May 20,949.91 130.72 2,849.39 0.89 17,503.48 465.43 4.13 340.76 159.94  
  Jun 21,123.47 129.42 2,903.60 0.88 17,647.94 441.63 4.14 364.32 168.80  
  Jul 21,274.11 129.90 2,940.65 5.33 17,910.27 287.96 4.13 373.36 174.42  
  Aug 21,540.69 130.31 2,868.37 0.55 18,214.70 326.76 4.11 388.26 185.44  
  Sep 21,593.36 129.25 2,746.44 0.55 18,265.57 451.55 4.13 380.23 189.57  
  Oct 22,309.58 130.03 2,869.16 6.49 18,819.30 484.60 4.22 392.84 201.57  
  Nov 22,649.27 132.27 2,991.66 2.34 19,321.35 201.65 4.24 398.82 212.79  
  Dec 22,966.72 131.70 2,941.30 2.33 19,611.41 279.98 4.30 458.51 250.97  
   
  2007 Jan 23,694.35 130.46 2,975.85 4.54 19,995.27 588.23 4.43 473.04 262.60  
  Feb 24,542.16 131.73 2,987.63 1.69 21,004.00 417.11 4.59 489.96 263.24  
  Mar 24,684.41 132.21 3,008.36 1.70 20,804.08 738.06 4.62 492.80 267.76  
  Apr 25,089.60 133.61 3,040.19 1.71 21,428.90 485.19 4.70 500.89 266.63  
  May p 25,769.50 132.44 2,992.37 0.63 21,989.62 654.44 4.82 514.46 274.55  
                                           
   
  1 Number of months of average imports of goods and payment of services and income that can be financed by reserves.    
  2 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