top of page
  • Writer's pictureBy The Financial District

PH Reserves Rose To $101.1-B In Oct.

The country's gross international reserves (GIR) rose to $101.1 billion in October, up from $98.1 billion a month earlier, the Bangko Sentral ng Pilipinas (BSP) reported.


The figure accounts for money from the sale of retail onshore dollar bonds, a rise in the value of BSP's gold reserves due to higher global gold prices, and the BSP's foreign exchange activities and income from overseas investments.



The surge was mainly due to national government foreign currency deposits, the central bank said in a statement.


This includes money from the sale of retail onshore dollar bonds, a rise in the value of BSP's gold reserves due to higher global gold prices, and the BSP's foreign exchange activities and income from overseas investments.


All the news: Business man in suit and tie smiling and reading a newspaper near the financial district.

The latest GIR level "represents a more than adequate external liquidity buffer equivalent to 7.5 months' worth of imports of goods and payments of services and primary income," the BSP said.


It is also equivalent to around 5.9 times the country's short-term external debt based on original maturity and 3.7 times based on residual maturity.


Market & economy: Market economist in suit and tie reading reports and analysing charts in the office located in the financial district.

GIR levels are considered adequate if they can finance at least three months' worth of the country's imports of goods and payments of services and primary income.


Net international reserves, which comprise the difference between GIR and reserve liabilities, rose to $100.4 billion from the end-September level of $98.1 billion. GIR consists of the BSP's foreign investments, gold, foreign exchange, reserve position in the International Monetary Fund, and special drawing rights.




Optimize asset flow management and real-time inventory visibility with RFID tracking devices and custom cloud solutions.
Sweetmat disinfection mat

bottom of page