GIR rises to 2-month high

By Mayvelin U. Caraballo

Mar 09, 2022 12:30 am

THE country's gross international reserves (GIR) reached a two-month high of $107.98 billion at the end of February this year, owing to increased gold prices and the net income of the Bangko Sentral ng Pilipinas (BSP) from its overseas investments.

The central bank released preliminary figures on Tuesday showing that the total was 0.27 percent more than the $107.68 billion reported at the end of January and 2.68 percent higher than the $105.16 billion reported a year earlier.

Photo shows the facade of the Bangko Sentral ng Pilipinas. THE MANILA TIMES FILE PHOTO

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