International Reserves

Footnotes

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 primary income that can be financed by reserves. Starting 2005, data are based on International Monetary Fund's Balance of Payments and International Investment Position Manual, 6th Edition (BPM6) concept.
3 Starting December 2005, outstanding annual external debt reflects the new reporting framework in line with international standards under the latest External Debt Statistics Guide and BPM6.
4 Based on latest available outstanding short-term external debt.
5 Refers to adequacy of reserves to cover outstanding external 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. Figures reflect data based on outstanding short-term debt as of 31 December 2020 and debt service schedule on outstanding external debt as of 31 January 2021.
r Revised based on the final International Reserves (IR) report as of end-February 2021.
- Not Available
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Details may not add up to total due to rounding.