WORLD Philippines' int'l reserves drop in November

WORLD

Philippines' int'l reserves drop in November

Xinhua

20:06, December 08, 2022

MANILA, Dec. 8 (Xinhua) -- The Philippines' gross international reserves (GIR) level fell to 93.95 billion U.S. dollars as of November from 94.03 billion U.S. dollars in October, the Philippines' central bank said on Thursday.

File photo: CGTN

The Bangko Sentral ng Pilipinas (BSP) said the latest GIR level represents a more than adequate external liquidity buffer equivalent to 7.5 months' worth of imports of goods, services and primary income.

The BSP added that the November GIR level is about 6.9 times the country's short-term external debt based on original maturity and four times based on residual maturity.

Terms of Service & Privacy Policy

We have updated our privacy policy to comply with the latest laws and regulations. The updated policy explains the mechanism of how we collect and treat your personal data. You can learn more about the rights you have by reading our terms of service. Please read them carefully. By clicking AGREE, you indicate that you have read and agreed to our privacy policies

Agree and continue