PH dollar reserves shrink

By Eireene Jairee Gomez

Dec 09, 2022 12:23 am

(UPDATE) THE Philippines' foreign exchange buffer shrank in November due to government debt payments and central bank foreign exchange operations, the Bangko Sentral ng Pilipinas (BSP) announced late on Wednesday.

At $93.95 billion, the country's gross international reserves (GIR) were down from October's $94.03 billion and $14.84 billion less than the $108.79 billion in hand at the end of last year.

United States dollar banknotes of various denominations are seen in Washington, D.C. XINHUA FILE PHOTO

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