NSCB - Statistics - Money and Banking

MONEY AND BANKING

Gross International Reserves
of the Bangko Sentral ng Pilipinas (Central Bank of the Philippines)
1994 to 2006
(in million US$)

End of Period	Total Assets	Reserve Position in the Fund	Gross Reserves
End of Period	Total Assets	Reserve Position in the Fund	Total	Gold	SDRs	Foreign Investments	Foreign Exchange
2006	22,966.70	131.70	22,835.00	2,941.30	2.3	19,611.40	280.00
2005	18,495.30	125.00	18,370.30	2,568.40	0.1	15,345.50	456.30
2004	16,028.63	135.33	15,893.30	3,112.07	1.00	12,579.04	201.19
2003	16,865.60	129.81	16,735.79	3,408.19	1.77	12,782.36	543.47
2002	16,179.66	118.22	16,061.44	3,035.85	10.21	12,570.24	445.14
2001	15,658.39	109.37	15.549.02	2,216.17	13.99	12,786.15	532.71
2000	15,024.20	113.44	14,910.76	1,972.65	1.93	12,371.20	564.98
1999	15,107.32	119.54	14,987.78	1,865.53	19.08	12,881.12	355.19
1998	10,806.25	122.17	10,684.08	1,568.56	1.21	8,737.76	376.54
1997	8,767.67	118.06	8,649.91	1,472.03	31.18	6,967.44	178.96
1996	11,745.08	125.04	11,620.04	1,715.39	2.40	9,774.78	127.47
1995	7,762.17	129.55	7,632.62	1,389.35	7.96	6,128.86	106.45
1994	7,121.78	127.16	6,994.62	1,104.27	24.13	5,711.33	154.89

Note: In line with the revised Balance of Payments accounting methodoloy and for consistency with the treatment of IMF accounts in the monetary survey published in the IMF's International Financial Statistics, BSP's total foreign assets shall be composed of BSP Gross International Reserves and Reserve Position in the Fund.

Source: Bangko Sentral ng Pilipinas (Central Bank of the Philippines)

Money Supply and Its Origin
1993 to 2006
(In million pesos)

End of Period	Money supply	Net foreign assets	Net domestic credits	Non-money supply deposits	Net other accounts
2006	752,973	555,872	2,592,206	1,759,942	635,088
2005	605,320	180,816	2,434,492	1,448,530	554,822
2004	556,420	(69,583)	2,525,709	1,332,802	574,109
2003	510,272	(27,296)	2,313,754	1,218,386	557,800
2002	470,056	(101,331)	2,208,539	1,203,464	433,896
2001	387,989	(201,880)	2,109,648	1,141,807	377,972
2000	386,981	(262,372)	2,088,541	1,045,572	393,616
1999	394,127	(229,692)	1,923,276	974,998	324,459
1998	281,514	(358,966)	1,868,865	870,084	358,929
1997	258,318	(482,479)	1,932,053	810,975	380,281
1996	221,957	(247,655)	1,507,732	662,435	376,015
1995	184,931	(88,425)	1,084,011	580,048	230,607
1994	151,952	(35,169)	821,551	459,086	175,344
1993	133,877	(31,537)	682,064	350,700	165,950

Source: Bangko Sentral ng Pilipinas (Central Bank of the Philippines)

/p - preliminary

Balance of Payments
2000 and 2006
(Value in million U.S. dollars)

Items	2006	2005	2004	2003/r	2002	2001	2000
I. CURRENT ACCOUNT	5,022	2,354	2,080	1,396	4,197	4197	9,349
A. Goods and Services	-7,624	(8,942)	(7663)	(7,180)	(856)	(856)	5,009
Export	51,561	44,693	42,829	38,641	37,439	37439	41,473
Import	59,185	53,635	50,492	45,821	38,295	38295	36,464
A1. Goods	-6,955	(7,546)	(6,381)	(5,455)	408	408	6,915
Credit: Exports	46,158	40,231	38,728	35,342	34,383	34383	37,295
Debit: Imports	53,113	47,777	45,109	40,797	33,975	33975	30,380
A2. Services	(669)	(1,396)	(1,282)	(1,725)	(1,264)	(1264)	(1,906)
Credit: Exports	5,403	4,462	4,101	3,299	3,056	3056	4,178
Debit: Imports	6,072	5,858	5,383	5,024	4,320	4320	6,084
B. Income	(543)	(107)	147	(226)	4,550	4550	3,937
Credit: Receipts	4.390	3,937	3,549	3,340	7,931	7931	7,802
Debit: Disbursements	4,933	4,044	3,402	3,566	3,381	3381	3,865
C. Current Transfers	13,189	11,403	9,596	8,802	503	503	403
Credit: Receipts	13,512	11,706	9,858	9,009	594	594	521
Debit: Disbursements	323	303	262	207	91	91	118
II. CAPITAL & FINANCIAL ACCOUNT	(1,722)	903	(1,692)	(1,501)	(2,104)	(2104)	(6,846)
A. Capital Account	136	40	(23)	23	(19)	(19)	26
Credit: Receipts	180	58	5	41	2	2	62
Debit: Payments	44	18	28	18	21	21	36
B. Financial Account	(1,858)	863	(1,669)	(1,524)	(2,085)	(2085)	(6,872)
Direct Investment	2,242	970	57	150	1,026	1026	1,584
Portfolio Investment	2,744	2,835	(1,434)	(1,305)	1,912	1912	45
Other Investment	(6,706)	(2,942)	(265)	(305)	(5,023)	(5023)	(8,501)
III. NET UNCLASSIFIED ITEMS	469	(807)	(668)	220	(1,433)	(1433)	(3,015)
OVERALL BOP POSITION	3,769	2,407	(280)	115	660	660	(512)
Debit: Change in Reserve Assets	2,934	1,598	(1,637)	(355)	(402)	(402)	(93)
Credit: Changes in Reserve Liabilities	(835)	(809)	(1,357)	(470)	(1,062)	(1062)	419
Use of Fund Credits	(402)	(321)	(471)	(608)	(407)	(407)	304
Short-term	(433)	(488)	(886)	138	(655)	(655)	115
Memo Items:
Change in Commercial Banks' Net Foreign Assets	(4,656)	(1,616)	373	(634)	(237)	(237)	880
Basic Balance	4,623	2,496	1,411	920	4,254	4254	11,364

Notes:

1. Net balances in the current and capital and financial accounts are derived by deducting debit entries from credit entries.

2. Overall BOP position is determined by deducting change in reserve liabilities from change in reserve assets.

3. Net unclassified items is an offsetting account to the overstatement or understatement in either receipts or payments of the recorded BOP components vis-a-vis the overall BOP position.

4. Change in Commercial Banks' (KBs) NFA as a BOP entry is derived by deducting foreign assets from foreign liabilities, consistent with the principle described in Note no. 1.

5. Basic balance represents a BOP position that excludes transactions that are volatile and are in the short run susceptible to being reversed. It is derived using the following formula: Overall BOP position less (Net portfolio investments + net short-term liabilities) less errors and omissions in the old BOP series, all transactions in assets and liabilities of commercial banks were deemed to be long-term. With the refinements in the new series on the maturity structure of KBs' transactions, short-term financial transactions of KBs are now excluded from the basic balance.

Source: Bangko Sentral ng Pilipinas (Central Bank of the Philippines)


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