THE country's gross international reserves (GIR) rose to $104 billion in March, the Bangko Sentral ng Pilipinas (BSP) reported during the weekend, up from February's $102 billion and also higher than the year-earlier $101.5 billion.
The month-on-month rise was said to have been primarily driven by government foreign currency deposits with the central bank, higher gold prices that raised the value of the central bank's gold holdings, and net income from the BSP's foreign 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
.