| 16 |
INTERNATIONAL
RESERVES OF THE BANGKO SENTRAL NG PILIPINAS |
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end of period |
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in million US dollars |
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2006 |
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2 0 0 7 |
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2 0 0 8 |
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Dec |
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Mar |
Jun |
Sep |
Dec |
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Jan |
Feb |
Mar |
Apr |
May |
Jun |
Jul |
Aug |
Sep |
Oct |
r |
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Reserve Position in the Fund |
131.70 |
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132.21 |
132.68 |
136.36 |
138.27 |
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139.75 |
141.08 |
144.06 |
142.32 |
141.97 |
143.20 |
142.08 |
137.61 |
135.55 |
130.46 |
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Gold |
2,941.30 |
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3,008.36 |
2,928.24 |
3,034.47 |
3,540.61 |
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3,857.71 |
4,059.50 |
3,834.39 |
3,584.75 |
3,795.61 |
3,962.94 |
3,904.11 |
3,568.84 |
3,848.44 |
3,516.51 |
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SDRs |
2.33 |
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1.70 |
0.62 |
0.26 |
0.74 |
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1.06 |
0.08 |
0.08 |
13.37 |
12.61 |
12.71 |
12.61 |
11.49 |
11.32 |
10.90 |
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Foreign Investments |
19,611.41 |
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20,804.08 |
23,022.74 |
27,498.73 |
29,715.21 |
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30,511.44 |
31,756.01 |
32,274.85 |
32,228.27 |
31,884.16 |
32,223.58 |
32,545.36 |
32,672.28 |
32,292.70 |
31,832.29 |
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Foreign Exchange |
279.98 |
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738.06 |
298.67 |
232.34 |
356.22 |
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299.77 |
331.13 |
370.63 |
386.86 |
398.77 |
369.85 |
296.83 |
352.50 |
409.44 |
461.42 |
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| GIR |
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22,966.72 |
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24,684.41 |
26,382.95 |
30,902.16 |
33,751.05 |
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34,809.73 |
36,287.80 |
36,624.01 |
36,355.57 |
36,233.12 |
36,712.28 |
36,900.99 |
36,742.72 |
36,697.45 |
35,951.58 |
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Annual Growth Rate (in %) |
24.2 |
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19.6 |
24.9 |
43.1 |
47.0 |
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46.9 |
47.9 |
48.4 |
44.9 |
41.5 |
39.2 |
31.7 |
20.5 |
18.8 |
10.6 |
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| Less: |
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Liabilities |
13.75 |
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25.46 |
7.22 |
22.43 |
6.94 |
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11.05 |
15.23 |
21.44 |
27.46 |
21.84 |
506.01 |
510.19 |
715.19 |
921.37 |
1,528.39 |
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| NIR 1 |
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22,952.97 |
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24,658.95 |
26,375.73 |
30,879.73 |
33,744.11 |
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34,798.68 |
36,272.57 |
36,602.57 |
36,328.11 |
36,211.28 |
36,206.27 |
36,390.80 |
36,027.53 |
35,776.08 |
34,423.19 |
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| Reserve
Adequacy Measures |
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Import Cover 2 |
4.23 |
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4.47 |
4.70 |
5.40 |
5.69 |
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5.79 |
5.97 |
5.96 |
5.86 |
5.78 |
5.75 |
5.78 |
5.76 |
5.75 |
5.63 |
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Short-Term External Debt Cover |
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Original Maturity |
458.51 |
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482.31 |
443.63 |
446.24 |
476.44 |
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491.39 |
512.25 |
550.65 |
546.62 |
544.78 |
417.33 |
419.47 |
408.39 |
399.02 |
366.97 |
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Residual Maturity 3 |
250.07 |
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256.65 |
226.42 |
240.52 |
257.70 |
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267.99 |
290.63 |
293.25 |
299.10 |
301.87 |
269.92 |
270.73 |
270.82 |
271.89 |
249.68 |
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| Memo Item |
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Percent Share to Total GIR |
100.00 |
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100.00 |
100.00 |
100.00 |
100.00 |
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100.00 |
100.00 |
100.00 |
100.00 |
100.00 |
100.00 |
100.00 |
100.00 |
100.00 |
100.00 |
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Reserve Position in the Fund |
0.57 |
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0.54 |
0.50 |
0.44 |
0.41 |
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0.40 |
0.39 |
0.39 |
0.39 |
0.39 |
0.39 |
0.39 |
0.37 |
0.37 |
0.36 |
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Gold |
12.81 |
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12.19 |
11.10 |
9.82 |
10.49 |
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11.08 |
11.19 |
10.47 |
9.86 |
10.48 |
10.79 |
10.58 |
9.71 |
10.49 |
9.78 |
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SDRs |
0.01 |
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0.01 |
0.00 |
0.00 |
0.00 |
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0.00 |
0.00 |
0.00 |
0.04 |
0.03 |
0.03 |
0.03 |
0.03 |
0.03 |
0.03 |
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Foreign Investments |
85.39 |
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84.28 |
87.26 |
88.99 |
88.04 |
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87.65 |
87.51 |
88.12 |
88.65 |
88.00 |
87.77 |
88.20 |
88.92 |
88.00 |
88.54 |
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Foreign Exchange |
1.22 |
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2.99 |
1.13 |
0.75 |
1.06 |
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0.86 |
0.91 |
1.01 |
1.06 |
1.10 |
1.01 |
0.80 |
0.96 |
1.12 |
1.28 |
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| 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 |
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between
BSP's Gross International Reserves (GIR) and the total of its 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, |
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other than drawings under the reserve tranche. |
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| 2 |
Number
of months of average imports of goods and payment of services and income that
can be financed by reserves. |
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| 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 for end-October 2008. |
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| Source: Bangko Sentral ng Pilipinas |
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