THE country's gross international reserves (GIR) dipped to $99.8 billion in August, the Bangko Sentral ng Pilipinas (BSP) reported on Thursday, down some $145 million from $99.51 billion a month earlier.
The dip was primarily attributed to the national government's settlement of foreign currency debt obligations and a reduction in the value of BSP's gold holdings due to the global decrease in prices of the precious metal.
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