International Reserves
in million US dollars; as of periods indicated
			2025													2026
			Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec		Jan ^p

	Reserve Position in the Fund		671.3	670.2	653.0	741.6	715.8	732.4	729.0	736.4	737.7	728.2	728.3	727.3		730.2

	Gold		11,751.7	12,049.9	12,762.9	13,338.4	13,725.3	13,801.6	13,783.2	14,523.2	16,384.9	16,890.4	18,025.8	18,577.5		20,667.4

	SDRs		3,731.9	3,752.5	3,804.8	3,881.6	3,894.9	3,944.5	3,889.7	3,935.1	3,941.8	3,905.6	3,911.8	3,943.2		3,943.2

	Foreign Investments		86,368.1	90,116.8	88,923.9	86,673.9	86,128.4	86,262.3	86,187.4	86,987.1	87,480.4	88,089.6	87,975.1	86,926.4		85,965.6

	Foreign Exchange		748.2	805.7	525.1	672.3	712.1	1,257.2	828.9	916.1	514.7	635.2	612.8	659.0		1,208.2

Gross International Reserves			103,271.2	107,395.1	106,669.7	105,307.8	105,176.5	105,998.1	105,418.2	107,097.9	109,059.5	110,249.1	111,253.8	110,833.4		112,514.6

	Annual Growth Rate (in %)		.	5.3	2.5	2.6	0.2	0.8	-1.2	-0.7	-3.2	-0.8	2.5	4.3		9.0

Less:

	Liabilities		35.6	17.6	31.4	44.8	129.2	21.0	33.7	18.4	31.0	43.4	28.3	19.2		22.8

Net International Reserves ¹			103,235.6	107,377.5	106,638.3	105,262.9	105,047.3	105,977.1	105,384.5	107,079.5	109,028.5	110,205.7	111,225.5	110,814.2		112,491.7

Reserve Adequacy Measures

	Import Cover ²		7.1	7.3	7.2	7.1	7.1	7.1	7.0	7.2	7.3	7.4	7.4	7.4		7.5

	Short-Term External Debt Cover (in percent) ³

		Residual Maturity ⁴	375.1	391.1	349.8	353.0	348.8	385.9	373.2	379.9	402.5	393.5	395.5	393.6		410.9

Memo Item

	Percent Share to Total GIR		100.0	100.0	100.0	100.0	100.0	100.0	100.0	100.0	100.0	100.0	100.0	100.0		100.0

		Reserve Position in the Fund	0.6	0.6	0.6	0.7	0.7	0.7	0.7	0.7	0.7	0.7	0.7	0.7		0.6

		Gold	11.4	11.2	12.0	12.7	13.0	13.0	13.1	13.6	15.0	15.3	16.2	16.8		18.4

		SDRs	3.6	3.5	3.6	3.7	3.7	3.7	3.7	3.7	3.6	3.5	3.5	3.6		3.5

		Foreign Investments	83.6	83.9	83.4	82.3	81.9	81.4	81.8	81.2	80.2	79.9	79.1	78.4		76.4

		Foreign Exchange	0.7	0.8	0.5	0.6	0.7	1.2	0.8	0.9	0.5	0.6	0.6	0.6		1.1

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. 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.
⁴	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 30 September 2025 and outstanding short-term external debt as of 31 October 2025.
Details may not add up to total due to rounding.
^p	preliminary
.	rounds off to zero
Source: Bangko Sentral ng Pilipinas