May 2017 Reserves at $82.066 Billion

Gross international reserves climbed to a seven-month high of $82.066 billion in May due to higher gold prices and inflows from the Bangko Sentral ng Pilipinas’ (BSP, Philippine central bank) investments overseas. This was the highest since the $85.106 billion recorded last October, but lower than the $82.927 billion registered in May last year. The figure can cover 9.1 months’ worth of imports of goods as well as payments of primary…

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