16 INTERNATIONAL RESERVES                                 
  end-of-period                                  
  in million US dollars                                  
   
  2 0 0 9 2 0 1 0  
  Mar Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul r
                                       
   
  Reserve Position in the Fund 131.06 136.15 136.25 137.36 138.97 139.50 141.23 137.51 136.32 134.43 133.05 131.96 129.32 129.72 133.19  
   
  Gold 4,547.47 4,711.71 4,856.05 4,830.02 5,010.06 5,275.41 5,633.88 5,459.75 5,399.34 5,579.01 5,951.86 6,312.47 6,674.68 6,859.99 6,676.52  
   
  SDRs 10.10 10.35 10.36 1,031.85 1,153.39 1,157.80 1,172.10 1,141.17 1,131.35 1,115.56 1,104.12 1,095.07 1,073.09 1,076.42 1,105.26  
   
  Foreign Investments 33,414.96 33,937.41 34,440.94 35,023.95 35,797.90 36,169.46 36,801.90 36,655.12 38,129.63 38,628.93 37,891.20 39,058.22 39,508.84 40,127.37 40,785.26  
   
  Foreign Exchange 937.69 693.92 725.85 469.32 428.56 431.31 418.43 849.09 795.08 306.43 519.31 346.18 303.70 510.90 341.43  
   
GIR 39,041.28 39,489.54 40,169.45 41,492.50 42,528.88 43,173.48 44,167.54 44,242.64 45,591.72 45,764.36 45,599.54 46,943.90 47,689.63 48,704.40 49,041.66  
   
  Annual Growth Rate (in %) 6.6 7.6 8.9 12.9 15.9 20.1 19.9 17.8 16.2 17.6 16.8 19.4 20.5 23.3 22.1  
   
Less:  
   
  Liabilities 1,534.73 1,023.97 829.37 836.17 635.63 21.04 21.15 4.20 7.42 11.02 15.53 20.02 20.89 3.99 7.51  
   
NIR 1 37,506.55 38,465.57 39,340.08 40,656.33 41,893.25 43,152.44 44,146.39 44,238.44 45,584.30 45,753.34 45,584.01 46,923.88 47,668.74 48,700.41 49,034.15  
   
Reserve Adequacy Measures  
   
  Import Cover 2 6.61 7.19 7.57 8.03 8.42 8.65 8.81 8.69 8.77 8.64 8.47 8.72 8.85 9.04 9.11  
   
  Short-Term External Debt Cover 3  
   
  Original Maturity 600.64 686.42 723.38 747.21 837.51 964.12 986.32 1,105.51 1,139.22 1,143.54 872.72 898.45 912.72 932.14 938.60  
   
  Residual Maturity 3 346.76 389.67 384.95 398.62 423.34 459.10 464.82 483.00 497.45 481.32 443.14 457.72 464.18 482.32 512.83  
   
Memo Item  
   
  Percent Share to Total GIR 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00  
   
  Reserve Position in the Fund 0.34 0.34 0.34 0.33 0.33 0.32 0.32 0.31 0.30 0.29 0.29 0.28 0.27 0.27 0.27  
   
  Gold 11.65 11.93 12.09 11.64 11.78 12.22 12.76 12.34 11.84 12.19 13.05 13.45 14.00 14.08 13.61  
   
  SDRs 0.03 0.03 0.03 2.49 2.71 2.68 2.65 2.58 2.48 2.44 2.42 2.33 2.25 2.21 2.25  
   
  Foreign Investments 85.59 85.94 85.74 84.41 84.17 83.78 83.32 82.85 83.63 84.41 83.10 83.20 82.85 82.39 83.16  
   
  Foreign Exchange 2.40 1.76 1.81 1.13 1.01 1.00 0.95 1.92 1.74 0.67 1.14 0.74 0.64 1.05 0.70  
                                       
   
1 Inclusive of gold monetization and revaluation of reserve assets and reserve-related liabilties which are excluded in the calculation of the balance of payments (BOP).  Net International Reserves (NIR) refer to the difference 
  between Gross International Reserves (GIR) and the total of the Bangko Sentral's short-term liabilities and the Use of Fund Credits (UFC).  UFC  refers to the sum of outstanding drawings from the IMF under various policies 
  and facilities, other than drawings under the reserve tranche.  
2 Number of months of average imports of goods and payment of services and income that can be financed by reserves.   Figures starting January 2009 were revised to reflect actual data on imports of goods and payments 
3 Refers to adequacy of reserves to cover outstanding short-term external 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.
r Revised based on the final International Reserves (IR) report as of end-July 2010.  
   
Source:  Bangko Sentral ng Pilipinas