PH dollar reserves dip to $99.3B as of end-Feb

Mar 09, 2023 12:24 am

THE country's gross international reserves (GIR) fell to $99.3 billion as of end-February as the government tapped its holdings and as gold prices fell, the Bangko Sentral ng Pilipinas (BSP) reported late on Tuesday.

While down some $1.4 billion from January's $100.7 billion, the amount 'represents a more than adequate external liquidity buffer equivalent to 7.5 months' worth of imports of goods and payments of services and primary income,' the BSP said in a statement.

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