PH reserves rise to $101.3B in Nov

Dec 09, 2023 12:42 am

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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