THE country's gross international reserves (GIR) recovered last month from the nine-month low seen in January, the Bangko Sentral ng Pilipinas (BSP) reported late on Friday.
THE country's gross international reserves recovered last month from the nine-month low seen in January, the Bangko Sentral ng Pilipinas reported late on Friday.At $106.7 billion, Feb ruary's GIR rose from $103.3 billion a month earlier. It snapped a four-month decline and was also the highest since November's $108.5 billion.
5 months' worth of imports of goods and payments of services and primary income.It is also about 3.8 times the country's short-term external debt based on residual maturity.The GIR level is considered adequate if 'it can finance at least three months' worth of the country's imports of goods and payments of services and primary income,' the central bank said.
Rebound In Feb From Nine-Month Low
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Philippines' Foreign Reserves Slide to Nine-Month Low in January 2025The Philippines' foreign currency reserves dipped to a nine-month low in January 2025 due to a combination of factors, including the central bank's foreign exchange interventions and the national government's debt payments. Despite the decline, the BSP maintains that reserves remain ample, exceeding the minimum required level.
Read more »
Gross international reserves declined to $103b in JanuaryThe Philippines’ gross international reserves (GIR) fell to $103 billion as of end-January 2025 from $106.3 billion as of end-December 2024, the Bangko
Read more »
Reserves hit 9-mo low of P103B in JanTHE country's gross international reserves (GIR) fell to a nine-month low in January, the Bangko Sentral ng Pilipinas (BSP) reported late on Friday.
Read more »
Jan GIR dips, but still enough as buffer | Cai U. OrdinarioTHE Philippines started the year with a lower gross international reserves (GIR) level compared to January and December last year, according to the Bangko Sentral ng Pilipinas (BSP). Based on the preliminary data, the country’s GIR settled at $103.02 billion as of end-January 2025. This was a contraction of 0.
Read more »
BOP incurred $4.1-b deficit, GIR fell to $103b in JanuaryThe Philippines’ balance of payments (BOP) incurred a $4.1-billion deficit in January 2025, significantly larger than the $740-million shortfall seen in
Read more »
GIR climbed to $106.7b in FebruaryThe Philippines’ gross international reserves (GIR) climbed to $106.7 billion as of end-February 2025 from $103.3 billion in January, the Bangko Sentral
Read more »