PHILIPPINES:
	INTERNATIONAL RESERVES AND FOREIGN CURRENCY LIQUIDITY
	30 May 2008
	In Million U.S. Dollars
	I.	Official reserve assets and other foreign currency assets (approximate market value)
	A.  Official reserve assets													36,233.12
		(1)  Foreign currency reserves (in convertible foreign currencies)												31,802.97
			(a)  Securities											27,570.30
				of which: issuer headquartered in reporting country but located abroad
			(b)  Total currency and deposits											4,232.67
				(i)  other national central banks, BIS and IMF										5.28
				(ii)  banks headquartered in the reporting country										0.07
					of which: located abroad									0.07
				(iii)  banks headquartered outside the reporting country										4,227.32
					of which: located in the reporting country
		(2)  IMF reserve position												141.97
		(3)  SDRs												12.61
		(4)  Gold (including gold deposits and, if appropriate, gold swapped)												3,795.61
			- volume in million fine troy ounces											4.28
		(5)  Other reserve assets (specify)												479.96
			- financial derivatives
			- loans to nonbank residents
			- others											479.96	a
	B.  Other foreign currency assets (specify)													501.29
		- securities not included in official reserve assets												491.21
		- deposits not included in official reserve assets												10.08
		- loans not included in official reserve assets
		- financial derivatives not included in official reserve assets
		- gold not included in official reserve assets
		- others
	a/	Includes claims on Asian Bond Fund-1 (ABF-1) and ABF-2; for more details on ABF-1 and ABF-2, refer to
		http://asianbondsonline.adb.org
	II.	Predetermined short-term net drains on foreign currency assets (nominal value)
										Maturity breakdown (residual maturity)
								Total		Up to 1 month		More than 1 month and up to 3 months		More than 3 months and up to 1 year
	1.	Foreign currency loans, securities, and deposits						-5,978.63		-1,516.00		-855.37		-3,607.26
	-outflows (-)					Principal		-3,570.36		-1,447.84		-249.34		-1,873.18
						Interest		-2,408.27		-68.16		-606.03		-1,734.08
	-inflows (+)					Principal
						Interest
	2.	Aggregate short and long positions in forwards and futures in foreign currencies vis-à-vis the domestic currency (including the forward leg of currency swaps)
								6,308.50		2,968.00		1,978.00		1,362.50
		(a)  Short positions (-)						0.00		0.00		0.00		0.00
		(b)  Long positions (+)						6,308.50		2,968.00		1,978.00		1,362.50
	3.	Others (specify)
		- outflows related to repos (-)
		- inflows related to reverse repos (+)