International Reserves and Foreign Currency Liquidity
The Data Templates on International Reserves and Foreign Currency Liquidity from September 2003 to December 2008 were revised to reflect the proper reporting of the BSP’s capital subscription to the Bank for International Settlements (BIS) upon the recommendation of the International Monetary Fund (IMF), in consultation with the BIS. In particular, the revisions involved the following: (a) to reclassify the paid up BIS shares from Other foreign currency assets in Section I.B. to Other external assets-an account which is not part of the data template; and (b) to include the uncalled BIS shares in Contingent drains under Section III.1.b. (Other contingent liabilities), in accordance with the operational guidelines for the data template.