| 16 | INTERNATIONAL RESERVES | ||||||||||||||||||
| end-of-period | |||||||||||||||||||
| in million US dollars | |||||||||||||||||||
| 2 0 0 8 | 2 0 0 9 | 2 0 1 0 | |||||||||||||||||
| Dec | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Jan | p | |||||
| Reserve Position in the Fund | 135.02 | 130.78 | 128.63 | 131.06 | 131.31 | 135.70 | 136.15 | 136.25 | 137.36 | 138.97 | 139.50 | 141.23 | 137.51 | 136.32 | |||||
| Gold | 4,357.93 | 4,567.67 | 4,687.30 | 4,547.47 | 4,422.69 | 4,879.20 | 4,711.71 | 4,856.05 | 4,830.02 | 5,010.06 | 5,275.41 | 5,633.88 | 5,459.75 | 5,399.34 | |||||
| SDRs | 10.65 | 10.31 | 9.91 | 10.10 | 10.11 | 10.33 | 10.35 | 10.36 | 1,031.85 | 1,153.39 | 1,157.80 | 1,172.10 | 1,141.17 | 1,141.17 | |||||
| Foreign Investments | 32,065.86 | 33,682.15 | 33,213.97 | 33,414.96 | 33,941.45 | 33,810.59 | 33,937.41 | 34,440.94 | 35,023.95 | 35,797.90 | 36,169.46 | 36,801.90 | 36,655.12 | 37,947.57 | |||||
| Foreign Exchange | 981.36 | 857.30 | 884.76 | 937.69 | 810.69 | 753.56 | 693.92 | 725.85 | 469.32 | 428.56 | 431.31 | 418.43 | 849.09 | 809.60 | |||||
| GIR | 37,550.82 | 39,248.21 | 38,924.57 | 39,041.28 | 39,316.25 | 39,589.38 | 39,489.54 | 40,169.45 | 41,492.50 | 42,528.88 | 43,173.48 | 44,167.54 | 44,242.64 | 45,434.00 | |||||
| Annual Growth Rate (in %) | 11.3 | 12.8 | 7.3 | 6.6 | 8.1 | 9.3 | 7.6 | 8.9 | 12.9 | 15.9 | 20.1 | 19.9 | 17.8 | 15.8 | |||||
| Less: | |||||||||||||||||||
| Liabilities | 1,514.68 | 1,521.05 | 1,027.24 | 1,534.73 | 1,543.39 | 1,045.26 | 1,023.97 | 829.37 | 836.17 | 635.63 | 21.04 | 21.15 | 4.20 | 4.20 | |||||
| NIR 1 | 36,036.14 | 37,727.16 | 37,897.33 | 37,506.55 | 37,772.86 | 38,544.12 | 38,465.57 | 39,340.08 | 40,656.33 | 41,893.25 | 43,152.44 | 44,146.39 | 44,238.44 | 45,429.80 | |||||
| Reserve Adequacy Measures | |||||||||||||||||||
| Import Cover 2 | 5.95 | 6.36 | 6.46 | 6.67 | 6.92 | 7.15 | 7.30 | 7.71 | 8.22 | 8.63 | 8.76 | 8.96 | 8.98 | 9.22 | |||||
| Short-Term External Debt Cover | |||||||||||||||||||
| Original Maturity | 536.36 | 560.61 | 598.75 | 600.64 | 604.87 | 609.07 | 686.42 | 723.38 | 747.21 | 837.51 | 964.12 | 986.32 | 988.00 | 1,014.60 | |||||
| Residual Maturity 3 | 329.31 | 342.72 | 321.37 | 319.12 | 323.48 | 325.17 | 354.17 | 350.86 | 361.87 | 387.26 | 423.52 | 444.83 | 465.81 | 536.41 | |||||
| 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 | |||||
| Reserve Position in the Fund | 0.36 | 0.33 | 0.33 | 0.34 | 0.33 | 0.34 | 0.34 | 0.34 | 0.33 | 0.33 | 0.32 | 0.32 | 0.31 | 0.30 | |||||
| Gold | 11.61 | 11.64 | 12.04 | 11.65 | 11.25 | 12.32 | 11.93 | 12.09 | 11.64 | 11.78 | 12.22 | 12.76 | 12.34 | 11.88 | |||||
| SDRs | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 2.49 | 2.71 | 2.68 | 2.65 | 2.58 | 2.51 | |||||
| Foreign Investments | 85.39 | 85.82 | 85.33 | 85.59 | 86.33 | 85.40 | 85.94 | 85.74 | 84.41 | 84.17 | 83.78 | 83.32 | 82.85 | 83.52 | |||||
| Foreign Exchange | 2.61 | 2.18 | 2.27 | 2.40 | 2.06 | 1.90 | 1.76 | 1.81 | 1.13 | 1.01 | 1.00 | 0.95 | 1.92 | 1.78 | |||||
| 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. | ||||||||||||||||||
| 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. | ||||||||||||||||||
| p | Preliminary | ||||||||||||||||||
| Source: Bangko Sentral ng Pilipinas | |||||||||||||||||||