BusinessWorld E-paper
June 08, 2023
PHILIPPINE DOLLAR reserves slipped at the end of May as the government paid its debt and the value of the central bank’s gold holdings declined.
Data released by the Bangko Sentral ng Pilipinas (BSP) on Wednesday showed the gross international reserves (GIR) slid by 0.5% to $101.3 billion (P5.675 trillion) from April. Year on year, the reserves declined by 2.3%.
