Economy
Philippines' Dollar Reserves Hit 3-Month High in June, But Lag Year-Ago Levels
The Philippines' gross international reserves (GIR) reached $104.8 billion by end-June, the highest in three months, driven by government deposits and BSP investment income. However, this figure remains lower than the previous year.
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- PH Dollar Reserves Hit Three-Month High in June
The Philippines' gross international reserves reached a three-month high of $104.803 billion in June, driven by increased national government deposits with the central bank and income from overseas investments, bolstering the country's import payment and debt servicing capabilities.