BusinessWorld E-paper
October 9, 2026
THE PHILIPPINES’ dollar reserves plummeted to its lowest level in three years at end-September as the central bank used it to support the peso, with foreign debt payments and lower value of gold and foreign-currency assets dragging it further.
In the nine months to September, the country’s gross international reserves (GIR) fell to $99.997 billion, down 8.31% from the $109.06 billion seen a year ago, preliminary data from the Bangko Sentral ng Pilipinas (BSP) showed.
