BusinessWorld E-paper
November 9, 2023
AFTER two straight months of decline, the Philippines saw its dollar reserves rise to a six-month high as of end-October, thanks to the National Government’s (NG) retail dollar bond issuance.
Gross international reserves (GIR) reached $101.09 billion as of end- October, up by 3% from $98.12 billion as of end-September, based on preliminary data from the Bangko Sentral ng Pilipinas (BSP) released on Tuesday evening.
