BusinessWorld E-paper
July 10, 2023
THE PHILIPPINES’ gross international reserves (GIR) slipped below $100 billion for the first time in four months, as the National Government paid its foreign debt obligations and the central bank adjusted the valuation of its gold holdings.
Data from the Bangko Sentral ng Pilipinas (BSP) released late on Friday showed the foreign exchange buffers slipped by 0.8% to $99.8 billion as of end-June from $100.6 billion as of end-May.
