BusinessWorld E-paper
Auguts 29, 2022
THE COUNTRY’S dollar reserves remain at an “adequate” level despite slipping below the
$100-billion level as of endJuly, Bangko Sentral ng Pilipinas (BSP) Governor Felipe M. Medalla said.
At the same time, S&P Global Ratings noted the Philippines’ foreign exchange reserves remain “very high” but will likely drop as global commodity prices and interest rates continue to rise.
