PH reserves dip to $98.7B in September

Oct 09, 2023 12:36 am

THE country's gross international reserves (GIR) dipped to $98.7 billion in September, the Bangko Sentral ng Pilipinas (BSP) reported late on Friday, down some $878 million from $99.6 billion a month earlier.

The dip was mainly caused by the national government settling foreign currency debt obligations and a decline in BSP's gold holdings value following a global drop in gold prices.

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