October Gross International Reserves Down to $85.75 Billion

Gross international reserves went down to $85.75 billion in October after hitting a revised record level of $86.14 billion in September amidst continued weakening of the peso and global market volatility brought about by the impending interest rate hike in the US. The buffer is enough to cover 10 months’ worth of imports of goods and payments of services and income…

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