Reserves dip to $99.8B

Sep 08, 2023 12:35 am

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.

Already have an active account? Log in here to continue reading.
Or
Subscribe to the Premium Subscription plan to access this subscriber-exclusive article.

Related Articles

Donut stop me now

US to hit new debt limit mid-January

China to investigate beef imports

OpenAI outlines plans to be for-profit

Osamu Suzuki, longtime chair of Suzuki, 94

Ending the year strong and proud

2024 inflation seen hitting target at 3.2%