GROSS INTERNATIONAL RESERVES                           
  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 1 Maturity  Maturity 2  
  (1)= (2)   (3) (4) (5) (6) (7) (8) (9)  
        (2 to 6)                                    
     
  2000 Dec 15,062.82 113.44 14,949.38 1,972.65 1.93 12,388.35 586.46 3.48 274.12 165.13  
  2001 Dec 15,692.24 109.37 15,582.87 2,216.17 13.99 12,805.30 547.41 4.04 261.54 140.37  
  2002 Dec 16,364.76 118.22 16,246.53 3,035.85 10.21 12,732.29 468.19 3.95 294.38 148.95  
  2003 Dec 17,063.06 129.81 16,933.25 3,408.19 1.77 12,945.41 577.88 4.03 276.15 154.68  
  2004 Dec 16,227.91 135.33 16,092.58 3,112.07 1.00 12,742.09 237.42 3.55 321.60 163.03  
  2005 Dec 18,494.35 125.04 18,369.31 2,568.38 0.84 15,397.53 402.56 3.82 289.20 164.60  
  2006 Dec 22,966.72 131.70 22,835.02 2,941.30 2.33 19,611.41 279.98 4.23 458.51 251.25  
  2007 Dec 33,751.05 138.27 33,612.78 3,540.61 0.74 29,715.21 356.22 5.75 476.44 300.73  
     
  2008 Jan 34,809.73 139.75 34,669.98 3,857.71 1.06 30,511.44 299.77 5.87 491.39 310.00  
  Feb 36,287.80 141.08 36,146.72 4,059.50 0.08 31,756.01 331.13 6.06 512.25 333.25  
  Mar 36,624.01 144.06 36,479.95 3,834.39 0.08 32,274.85 370.63 6.06 550.65 330.42  
  Apr 36,355.57 142.32 36,213.25 3,584.75 13.37 32,228.27 386.86 5.96 546.62 339.58  
  May 36,233.12 141.97 36,091.15 3,795.61 12.61 31,884.16 398.77 5.89 544.78 338.37  
  Jun 36,712.28 143.20 36,569.08 3,962.94 12.71 32,223.58 369.85 5.87 417.33 278.42  
  Jul 36,900.99 142.08 36,758.91 3,904.11 12.61 32,545.36 296.83 5.74 419.47 279.68  
  Aug 36,742.72 137.61 36,605.11 3,568.84 11.49 32,672.28 352.50 5.63 408.39 273.99  
  Sep 36,697.45 135.55 36,561.90 3,848.44 11.32 32,292.70 409.44 5.57 442.19 289.98  
  Oct 35,951.58 130.46 35,821.12 3,516.51 10.90 31,832.29 461.42 5.48 404.00 271.01  
  Nov 36,828.16 130.03 36,698.13 3,808.98 10.25 32,374.42 504.48 5.70 413.85 278.14  
  Dec 37,550.82 135.02 37,415.80 4,357.93 10.65 32,065.86 981.36 5.96 536.36 333.16  
     
  2009 Jan 39,248.21 130.78 39,117.43 4,567.67 10.31 33,682.15 857.30 6.37 560.61 347.54  
  Feb 38,924.57 128.63 38,795.94 4,687.30 9.91 33,213.97 884.76 6.46 598.75 324.56  
  Mar 39,041.28 131.06 38,910.22 4,547.47 10.10 33,414.96 937.69 6.65 600.64 323.78  
  Apr 39,316.25 131.31 39,184.94 4,422.69 10.11 33,941.45 810.69 6.87 604.87 328.29  
  May 39,589.38 135.70 39,453.68 4,879.20 10.33 33,810.59 753.56 7.08 609.07 330.10  
  Jun 39,489.54 136.15 39,353.39 4,711.71 10.35 33,937.41 693.92 7.23 686.42 360.44  
  Jul 40,169.45 136.25 40,033.20 4,856.05 10.36 34,440.94 725.85 7.61 723.38 356.84  
  Aug 41,492.50 137.36 41,355.14 4,830.02 1,031.85 35,023.95 469.32 8.08 747.21 369.54  
  Sep 42,528.88 138.97 42,389.91 5,010.06 1,153.39 35,797.90 428.56 8.47 837.51 397.02  
  Oct 43,173.48 139.50 43,033.98 5,275.41 1,157.80 36,169.46 431.31 8.71 964.12 428.82  
  Nov 44,167.54 141.23 44,026.31 5,633.88 1,172.10 36,801.90 418.43 8.87 986.32 434.93  
  Dec 44,242.64 137.51 44,105.13 5,459.75 1,141.17 36,655.12 849.09 8.74 1,105.51 449.39  
     
  2010 Jan 45,591.72 136.32 45,455.40 5,399.34 1,131.35 38,129.63 795.08 9.01 1,139.22 464.13  
  Feb 45,764.36 134.43 45,629.93 5,579.01 1,115.56 38,628.93 306.43 9.04 1,143.54 479.86  
  Mar r 45,600.03 133.05 45,466.98 5,951.86 1,104.12 37,891.69 519.31 9.01 1,139.43 512.13  
  Apr p 47,031.06 131.96 46,899.10 6,312.47 1,104.11 39,119.96 362.56 9.29 1,175.19 529.69  
                                             
   
  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  
  r Revised to reflect post-audit adjustments in the SDR holdings of the Bangko Sentral ng Pilipinas.  
   
  Source:  Bangko Sentral ng Pilipinas