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Dissemination Standards Bulletin Board Special Data Dissemination Standard (AS PROVIDED TO THE IMF BY THE RESPECTIVE COUNTRY)   Chile International reserves and foreign currency liquidity (Reservas internacionales del Banco Central de Chile y Planilla sobre reservas internacionales y liquidez en moneda extranjera ) Last Posted: Jul-29-2008 Last Certified: Jul-10-2008 Last Updated: Jan-10-2007 Contact Person(s)          Printer Friendly Page   Ms. Teresa Cornejo, Head, Balance of Payments and External Debt, Central Bank of Chile, Agustinas 1180, Santiago, Chile   Phone : 56 2 6702277   Fax : 56 2 6702107   Email : tcornejo@bcentral.cl  Dissemination Formats Summary Methodology Access National Summary Data Page Cross-country comparisons: access the DSBB metadata query facility

The Data: Coverage, Periodicity, and Timeliness
Coverage characteristics	5.1.1 Statistical presentation Data on the stock of international reserves and adjusted balance of payments flows are disseminated in millions of U.S. dollars. The data on international reserves are broken-down into gold, SDRs, the reserve position with the International Monetary Fund (IMF), foreign exchange (money and deposits, securities), and other assets. The latter, not very significant, correspond entirely to assets arising from the reciprocal arrangements of credit among the countries participating in LAIA. Holdings in other currencies are converted to U.S. dollars using market exchange rates. Nevertheless, holdings of gold are valued at 90 percent of their average valuation in the London Metal Exchange for the preceding quarter. Adjustments in valuation, taking into account the effect of the changes of international interest rates over the valuation of securities, are also made, only when the market value of the securities is less than the corresponding book value. Adjusted balance of payments flows are equivalent to the changes in international reserves minus: valuation adjustments—accounting for changes in prices of securities and in exchange rates (vis-à-vis the U.S. dollar)—counterparts to monetization/demonetization of gold, and allocation/cancellation of SDRs. Except for the already mentioned prudential criteria for evaluating the stock of international reserves, the data are compiled following closely the guidelines of the fifth edition of the IMF's Balance of Payments Manual (BMP5). Foreign Currency Liquidity Data are compiled according to the Operational Guidelines for the Data Template on International Reserves and Foreign Currency Liquidity of the IMF (October 1999). These data are also presented in a summary table that presents Predetermined short-term net drains on foreign currency assets, broken down by instrument.
Periodicity	4.1.1 Periodicity Weekly for the total stock of international reserves and the balance of payments flows of reserve assets.   Fortnightly for the breakdowns of the stock of international reserves.   Monthly for the foreign currency liquidity template.
Timeliness	4.1.2 Timeliness One week for the stock of international reserves and the adjusted balance of payments flows. The foreign currency liquidity template is released on the 23rd of each month, or the following working day if it is a holiday.
Access by the Public
Advance dissemination of release calendar	5.1.3 Advance release calendar An advance release calendar that gives a year-ahead notice of the precise release dates of the stock of international reserves and of the foreign currency liquidity template is published in the Central Bank of Chile's website (http://www.bcentral.cl/eng/ under 'Economic Statistics/SDDS/Advance Release Calendar'). http://www.bcentral.cl/eng/infoeconomic/fminedd/schedulestatistics/. An advance release calendar that gives a year-ahead notice of the release dates of the stock of international reserves and of the foreign currency liquidity template is also published in the Central Bank of Chile's Boletín Mensual.   In addition, the website publishes a year-ahead calendar on publications of economic statistics and reports, in Spanish, that gives the precise dates of publication of the Indicadores Económicos de Coyuntura (Short run economic Indicators); the Avance del Boletín Mensual and the Boletín Mensual during the corresponding twelve month period (http://www.bcentral.cl/esp/) under 'Sala de Prensa/Calendario de Eventos Económicos').
Simultaneous release to all interested parties	5.1.4 Simultaneous release International Reserves The data are released simultaneously to all interested parties by publishing the Central Bank's weekly 'Short Run Economic Indicators' (Spanish edition 'Indicadores de Coyuntura'), published on the each 7th, 15th, and 23rd days and at the end of the month, and in the Central Bank's monthlies 'Avance Boletín Mensual' (published on the 7th of each month) and Boletín Mensual (published on the 23rd of each month). Boletín Mensual is sent to subscribers, put on sale, and, at the same time, posted in the Central Bank website. 'Short Run Economic Indicators' and Avance Estadístico del Boletín Mensual are only posted in the Central Bank website. Simultaneously or subsequently the data are also posted in the corresponding series on the Central Bank of Chile's website. Under 'Economic Statistics/Series of Indicators/Foreign Sector' for weekly totals of the stock, and under 'Economic Statistics/Statistical database/Content Table (by default)/External Sector', for monthly stock detailed by components.  Interested users can request an e-mail notification service that send an alerts when the 'Short Run Economic Indicators', the Avance Boletín Mensual and the  Boletín Mensual are published. Users are not alerted to the publication of the Spanish language releases if the service is requested in English. The Spanish request form is available at: http://www.bcentral.cl/esp under 'otros servicios/notificación por email'. The English request form is available at http://www.bcentral.cl/eng under 'other services/e-mail notification service'. These services, and the access to the data on the Central Bank website is free of charge. Foreign Currency Liquidity: The data are released simultaneously to all interested parties by publishing the Data Template on International Reserves and Foreign Currency Liquidity, which is posted on the 23rd of each month on the Central Bank's Internet website (http://www.bcentral.cl/) under 'Economic Data/SDDS/International Liquidity Statement'. A summary version is also posted under 'Economic Statistics/Statistical database/Content Table (by default)/Money and Banking/' and Aperturas analíticas del balance del Banco Central, and is included in the monthly bulletin (Boletín Mensual).
Integrity
Dissemination of terms and conditions under which official statistics are produced, including those relating to the confidentiality of individually identifiable information	0.1.1 Responsibility for collecting, processing, and disseminating statistics Banco Central de Chile The Central Bank's Constitutional Organic Act states that 'the Bank shall compile and publish [in a timely fashion] the main macroeconomic statistics, including those of a monetary and foreign exchange character, balance of payments and national accounts, and other overall economic and social accounting systems' (Law 18840, Article 53). The coverage, periodicity and timeliness of these statistics were established by resolutions 1110-02-040122 and 1267-03-060518. 0.1.3 Confidentiality of individual reporters' data Banco Central de Chile Information on individual economic agents is considered confidential. 0.1.4 Ensuring statistical reporting Legal mandates and encouragement for statistical reporting are stated on the Central Bank's Basic Constitutional Act (Law 18840). 1.2.1 Disclosure of terms and conditions for statistical collection, processing, and dissemination Banco Central de Chile An updated version of the Constitutional Organic Act of the Central Bank is available on the Central Bank of Chile's website (http://www.bcentral.cl/eng/) under 'Functions and Organization/Constitutional Act'. A Spanish-language PDF format version of the Central Bank's resolutions Nos. 1110-02-040122 and 1267-03-060518 can be obtained at the Central Bank's website (http://www.bcentral.cl) in sections Normativa y Reglamentación and Acuerdos. Hardcopies of the Spanish version of the Central Bank's agreements can be obtained under request from the Departamento de Publicaciones of the Central Bank. (Fax: 56-2-6702475; E-mail mailto:bcch@bcentral.cl. Please include your fax number with the request.)
Identification of internal government access to data before release	1.2.2 Internal governmental access to statistics prior to release Banco Central de Chile No government officials outside the Central Bank have access to the data before their release to the public.
Identification of ministerial commentary on the occasion of statistical releases	1.2.3 Attribution of statistical products Banco Central de Chile No ministerial commentary is attached to the release of the data. International reserves and foreign currency liquidity A brief note prepared by the Central Bank's staff, on the evolution of the data, is normally included in the Central Bank's monthly Boletín Mensual or, alternatively, on the Central Bank's web page.
Provision of information about revision and advance notice of major changes in methodology	4.3.1 Revision schedule Data are final when first released and are not revised. 1.2.4 Advance notice of major changes in methodology, source data, and statistical techniques. Important changes in methodology are announced and explained at the time the data are released through footnotes or special articles that accompany the data.
Quality
Dissemination of documentation on methodology and sources used in preparing statistics	5.2.1 Dissemination of documentation on concepts, scope, classifications, basis of recording, data sources, and statistical techniques The Central Bank’s annual Balanza de Pagos de Chile ______ (Year) includes notes on sources of data and methodological issues, in the general context of the balance of payments data. (See also summary methodology)
Dissemination of component detail, reconciliations with related data, and statistical frameworks that support statistical cross-checks and provide assurance of reasonableness	4.2.3 Intersectoral and cross-domain consistency The stock of international reserves and their corresponding breakdown is derived from the balance sheet of the central bank. The figures are fully consistent with those included in the 'analytical accounts of the central bank' data.
Footnotes Last posted: Date IMF staff last posted an update to these metadata on the DSBB. Last certified: Date subscriber last officially certified the accuracy of these metadata. Last updated: Date subscriber last submitted an update of these metadata to the IMF.