THE Philippines’ gross international reserves (GIR) rose to a 20-month high of $82.132 billion in January, a development the Bangko Sentral ng Pilipinas (BSP) traced to its foreign exchange operations and investment income, foreign currency deposits by the government and higher gold prices.
The figure is 3.7 percent up from December and the $81.224 billion recorded a year ago, BSP data released on Thursday showed, and is also the largest since May 2017’s $82.17 billion.
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