BusinessWorld E-paper
October 10, 2022
THE COUNTRY’S dollar reserves declined to a two-year low as of end-September, as the Bangko Sentral ng Pilipinas (BSP) said it has been “active” in the foreign exchange market to curb the peso’s depreciation against the US dollar.
The gross international reserves (GIR) stood at $95.01 billion as of end-September, falling
by 2.4% from the $97.44 billion as of end-August, data from the central bank showed.
