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Business

Philippines' forex reserves up to $81.34 B in February

The Philippine Star
March 6, 2015 | 9:00pm

MANILA, Philippines (Xinhua) - Gross International Reserves (GIR) increased to $81.34 billion in February from $80.72 billion the previous month, the Philippine central bank (BSP) said today.

"The increase in reserves was due mainly to the National Government's net foreign currency deposits and the BSP's foreign exchange operations and income from investments abroad," the BSP said.

The BSP added that the February GIR is enough to pay for 10.4 months of the country's imports of goods and services.

Net International Reserves (NIR) or GIR minus short-term debts increased to $81.3 billion in February from $80.7 billion in January.


 

BILLION

BSP

FOREIGN

GIR

GROSS INTERNATIONAL RESERVES

INCREASED

INTERNATIONAL

NATIONAL GOVERNMENT

NET INTERNATIONAL RESERVES

RESERVES

XINHUA
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