Read this in The Manila Times digital edition.
THE country's gross international reserves (GIR) increased to $101.3 billion in November, the Bangko Sentral ng Pilipinas (BSP) reported late on Thursday, up $268.6 million from $101.0 billion a month earlier.
The increase was primarily caused by higher valuations of the central bank's gold holdings — driven by rising global gold prices — as well as earnings from overseas investments.
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