The Bangko Sentral ng Pilipinas’ (BSP) foreign-exchange (forex) operations and the government’s foreign currency deposits helped the country’s gross international reserves (GIR) hit a record-high $93.29 billion at end-May.

Preliminary data from the central bank showed on Tuesday that the amount was 2.57 percent and 9.29 percent wider than those posted a month and a year ago, respectively.