PH dollar reserves hit 30-month high

THE country’s dollar reserves rose to a 30-month high of $83.955 billion in April on the back of the central bank’s foreign exchange operations and investment income plus foreign currency deposits by the government.

The figure — the largest since October 2016’s $85.105 billion — was also 0.40 percent and 5.4 percent higher, respectively, from March and a year ago, preliminary data released on Tuesday showed.