THE country's gross international reserves (GIR) hit a record high in September, data from the Bangko Sentral ng Pilipinas (BSP) showed on Monday.
At $112.0 billion, GIR surged from August's $107.9 billion and was mainly the result of foreign currency deposits by the government, including proceeds from a global bond offering, and net income from the central bank's investments abroad.
The facade of the Bangko Sentral mg Pilipinas and the Department of Finance as seen from Roxas Boulevard in Manila, Monday. PHOTOS BY J. GERARD SEGUIA