4 INTERNATIONAL RESERVES                                             
  end-of-period                                                  
  in million US dollars                                                  
2020 2021
  Jan Feb Mar Apr May Jun  Jul Aug Sep Oct Nov Dec   Jan  Feb Mar Apr May Jun  Jul Aug  Sep Oct a
                                                       
Reserve Position in the Fund 587.9 586.3 578.5 580.4 677.2 730.8 750.6 753.7 747.7 798.2 809.7 813.1 813.4 812.5 793.9 803.8 807.9 798.4 799.7 797.2 786.2 787.3
Gold 8,015.9 8,015.9 8,015.9 8,015.9 8,015.9 8,015.9 12,595.6 12,039.0 11,594.5 11,650.9 10,747.6 11,605.3 10,692.5 9,170.4 9,113.5 9,310.4 9,907.1 8,875.0 9,148.8 9,155.1 8,848.5 9,130.2
SDRs 1,176.9 1,174.8 1,167.6 1,171.4 1,174.2 1,177.3 1,209.3 1,214.4 1,204.7 1,206.6 1,224.2 1,232.9 1,233.3 1,232.2 1,214.3 1,229.4 1,235.8 1,221.3 1,223.3 4,008.3 3,965.0 3,970.4
Foreign Investments 74,364.8 75,861.5 76,480.2 77,886.8 80,676.5 80,891.1 81,177.4 82,370.5 84,298.4 87,415.6 89,275.5 93,644.5 92,379.7 90,679.8 89,726.6 91,188.0 92,835.1 92,222.2 92,652.0 90,549.7 89,704.1 91,195.0
Foreign Exchange 2,723.0 2,548.4 2,619.4 3,288.2 2,744.3 2,654.8 2,867.6 2,577.2 2,597.9 2,731.4 2,758.5 2,821.6 3,554.9 3,266.3 3,635.6 5,173.5 2,464.7 2,645.8 3,327.6 3,454.4 3,292.4 2,805.9
GIR         86,868.6 88,187.0 88,861.5 90,942.7 93,288.1 93,469.9 98,600.5 98,954.9 100,443.3 103,802.6 104,815.4 110,117.4   108,673.8 105,161.2 104,483.8 107,705.1 107,250.7 105,762.7 107,151.5 107,964.7 106,596.2 107,888.9
Annual Growth Rate (in %) 5.3 6.5 6.3 8.4 9.3 10.1 15.8 15.0 17.4 20.9 21.6 25.4 25.1 19.2 17.6 18.4 15.0 13.2 8.7 9.1 6.1 3.9
Less:
Liabilities 7.6 9.6 13.4 17.1 19.8 1.9 5.6 9.0 12.7 16.4 19.8 2.0 5.7 9.0 12.7 16.3 19.8 1.9 5.5 9.0 12.8 16.5
NIR 1         86,861.0 88,177.4 88,848.1 90,925.6 93,268.3 93,468.0 98,594.9 98,945.9 100,430.6 103,786.2 104,795.6 110,115.4   108,668.2 105,152.2 104,471.1 107,688.8 107,230.9 105,760.8 107,145.9 107,955.6 106,583.4 107,872.3
Reserve Adequacy Measures                                                  
Import Cover 2 7.5 7.6 7.8 8.4 9.0 9.2 9.9 10.2 10.5 11.1 11.5 12.3 12.3 11.9 11.7 11.5 11.1 10.6 10.8 10.8 10.7 10.8
Short-Term External Debt Cover 3
Original Maturity 4 522.6 537.7 666.6 700.7 703.3 870.6 875.0 885.0 896.3 906.8 913.3 775.0 770.1 r 727.0 r 765.1 777.9 758.3 r 748.3 759.8 r 788.6 r 778.6 r 788.0 r
Residual Maturity 5 378.8 396.8 r 455.6 r 473.5 r 476.3 r 554.0 r 565.8 r 560.2 r 563.8 r 557.9 r 558.3 r 496.4 r 540.7 r 516.0 r 548.4 r 541.6 r 525.1 r 514.8 r 513.7 r 541.1 r 532.4 r 547.5 r
Memo Item                                                  
Percent Share to Total GIR 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0
Reserve Position in the Fund 0.7 0.7 0.7 0.6 0.7 0.8 0.8 0.8 0.7 0.8 0.8 0.7 0.7 0.8 0.8 0.7 0.8 0.8 0.7 0.7 0.7 0.7
Gold 9.2 9.1 9.0 8.8 8.6 8.6 12.8 12.2 11.5 11.2 10.3 10.5 9.8 8.7 8.7 8.6 9.2 8.4 8.5 8.5 8.3 8.5
SDRs 1.4 1.3 1.3 1.3 1.3 1.3 1.2 1.2 1.2 1.2 1.2 1.1 1.1 1.2 1.2 1.1 1.2 1.2 1.1 3.7 3.7 3.7
Foreign Investments 85.6 86.0 86.1 85.6 86.5 86.5 82.3 83.2 83.9 84.2 85.2 85.0 85.0 86.2 85.9 84.7 86.6 87.2 86.5 83.9 84.2 84.5
Foreign Exchange 3.1 2.9 2.9 3.6 2.9 2.8 2.9 2.6 2.6 2.6 2.6 2.6 3.3 3.1 3.5 4.8 2.3 2.5 3.1 3.2 3.1 2.6
                                                       
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 debt service schedule on outstanding external debt as of 30 June 2021 and  outstanding short-term debt as of 31 August 2021.
a Revised based on the final International Reserves (IR) report as of end-October 2021.
r Revised
Details may not add up to total due to rounding.
Source:  Bangko Sentral ng Pilipinas