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4 |
INTERNATIONAL RESERVES |
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end-of-period |
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in million US dollars |
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2023 |
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2024 |
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Jan |
Feb |
Mar |
Apr |
May |
Jun |
Jul |
Aug |
Sep |
Oct |
Nov |
Dec |
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Jan |
Feb |
Mar a |
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Reserve Position in the Fund |
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797.3 |
785.7 |
808.3 |
809.3 |
797.2 |
794.6 |
801.9 |
790.4 |
778.1 |
777.4 |
787.2 |
760.9 |
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753.9 |
752.5 |
741.3 |
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Gold |
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9,799.9 |
9,330.7 |
10,073.6 |
10,238.4 |
10,208.1 |
10,011.1 |
10,302.5 |
10,231.6 |
9,789.7 |
10,570.3 |
10,816.6 |
10,557.2 |
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10,299.1 |
10,337.3 |
10,531.5 |
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SDRs |
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3,800.7 |
3,750.7 |
3,797.1 |
3,803.9 |
3,753.4 |
3,760.8 |
3,797.2 |
3,768.4 |
3,725.8 |
3,722.6 |
3,785.8 |
3,809.6 |
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3,776.1 |
3,777.6 |
3,767.6 |
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Foreign Investments |
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84,150.4 |
83,828.6 |
85,400.4 |
85,768.1 |
84,761.6 |
83,660.2 |
83,682.6 |
84,133.1 |
82,988.0 |
84,728.0 |
85,420.9 |
87,854.8 |
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87,278.3 |
86,449.4 |
87,944.0 |
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Foreign Exchange |
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2,117.2 |
520.5 |
1,468.9 |
1,140.9 |
1,068.3 |
1,160.1 |
1,367.3 |
644.6 |
834.4 |
1,236.8 |
1,909.7 |
770.7 |
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1,162.5 |
677.8 |
1,083.2 |
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GIR |
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100,665.5 |
98,216.1 |
101,548.3 |
101,760.6 |
100,588.6 |
99,386.7 |
99,951.4 |
99,567.9 |
98,116.0 |
101,035.2 |
102,720.1 |
103,753.2 |
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103,269.9 |
101,994.5 |
104,067.5 |
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Annual Growth Rate (in %) |
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-6.5 |
-8.9 |
-5.4 |
-3.5 |
-3.0 |
-1.5 |
0.1 |
2.2 |
5.5 |
7.5 |
8.0 |
7.9 |
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2.6 |
3.8 |
2.5 |
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Less: |
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Liabilities |
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32.7 |
18.3 |
33.3 |
48.0 |
31.6 |
25.5 |
42.2 |
21.8 |
37.6 |
734.0 |
848.4 |
27.9 |
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587.4 |
20.9 |
37.8 |
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NIR 1 |
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100,632.8 |
98,197.9 |
101,515.0 |
101,712.6 |
100,557.0 |
99,361.2 |
99,909.2 |
99,546.1 |
98,078.4 |
100,301.1 |
101,871.7 |
103,725.4 |
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102,682.5 |
101,973.6 |
104,029.7 |
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Reserve
Adequacy Measures |
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Import Cover 2 |
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7.5 |
7.3 |
7.5 |
7.5 |
7.4 |
7.4 |
7.4 |
7.4 |
7.3 |
7.5 |
7.6 |
7.7 |
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7.6 |
7.5 |
7.7 |
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Short-Term External Debt Cover 3 |
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Original Maturity 4 |
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589.5 |
581.8 |
585.2 |
600.1 |
576.1 |
573.9 |
586.8 |
573.2 |
571.8 |
584.7 |
596.7 |
606.9 |
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588.1 r |
580.8 r |
592.6 |
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Residual Maturity 5 |
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393.5 r |
396.8 r |
402.0 r |
404.9 r |
390.0 r |
380.3 r |
384.0 r |
372.9 r |
340.8 r |
345.1 r |
354.2 r |
351.6 r |
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355.7 r |
350.7 r |
365.9 |
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Memo Item |
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Percent Share to Total GIR |
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100.0 |
100.0 |
100.0 |
100.0 |
100.0 |
100.0 |
100.0 |
100.0 |
100.0 |
100.0 |
100.0 |
100.0 |
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100.0 |
100.0 |
100.0 |
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Reserve Position in the Fund |
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0.8 |
0.8 |
0.8 |
0.8 |
0.8 |
0.8 |
0.8 |
0.8 |
0.8 |
0.8 |
0.8 |
0.7 |
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0.7 |
0.7 |
0.7 |
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Gold |
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9.7 |
9.5 |
9.9 |
10.1 |
10.1 |
10.1 |
10.3 |
10.3 |
10.0 |
10.5 |
10.5 |
10.2 |
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10.0 |
10.1 |
10.1 |
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SDRs |
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3.8 |
3.8 |
3.7 |
3.7 |
3.7 |
3.8 |
3.8 |
3.8 |
3.8 |
3.7 |
3.7 |
3.7 |
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3.7 |
3.7 |
3.6 |
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Foreign Investments |
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83.6 |
85.4 |
84.1 |
84.3 |
84.3 |
84.2 |
83.7 |
84.5 |
84.6 |
83.9 |
83.2 |
84.7 |
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84.5 |
84.8 |
84.5 |
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Foreign Exchange |
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2.1 |
0.5 |
1.4 |
1.1 |
1.1 |
1.2 |
1.4 |
0.6 |
0.9 |
1.2 |
1.9 |
0.7 |
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1.1 |
0.7 |
1.0 |
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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 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 |
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and facilities, 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 primary income
that can be financed by reserves. Data
starting 2005 are based on International Monetary Fund's (IMF) 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. |
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4 |
Based on latest available outstanding
short-term external debt. |
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5 |
Refers to
adequacy of reserves to cover
outstanding short-term external debt based on original maturity plus
principal payments on medium- and long-term external loans of the public and
private sectors falling due in the next 12 months. Figures reflect data based
on debt service schedule on outstanding external debt as of 31 December 2023
and outstanding external short-term debt as of 31 January 2024. |
a |
Revised based on the final International
Reserves (IR) report as of end-March 2024. |
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r |
Revised |
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Details may not add up to total due to
rounding. |
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Source: Bangko Sentral ng Pilipinas |
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