THE country's gross international reserves (GIR) rose to $101.1 billion in October, the Bangko Sentral ng Pilipinas (BSP) reported late on Wednesday, up from $98.1 billion a month earlier.
The surge was mainly due to national government foreign currency deposits, the central bank said in a statement. This includes money from the sale of retail onshore dollar bonds, a rise in the value of BSP's gold reserves due to higher global gold prices, and the BSP's foreign exchange activities and income from overseas investments.
Already have an active account? Log in here.
Continue reading with one of these options:
Continue reading with one of these options:
Premium + Digital Edition
Ad-free access
P 80 per month
(billed annually at P 960)
- Unlimited ad-free access to website articles
- Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)
TRY FREE FOR 14 DAYS
See details
See details
If you have an active account, log in
here
.