January Reserves at $81.04 Billion

Gross international reserves stood at $81.04 billion in January, up slightly from the revised $80.69 billion in December. The number was declining after hitting a record high of $86.14 billion in September, but this was reversed due to inflows and revaluation adjustments on the gold holdings of the Bangko Sentral ng Pilipinas. The level could cover 9.2 months’ worth of imports. For this year, the BSP expects the GIR to settle at $84.7 billion,…

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