Philippines’ dollar reserves hit five-month high in August

BusinessWorld - BusinessWorld Online 8 h Philippines

By Katherine K. Chan, Reporter The Philippines’ dollar reserves recovered to a five-month high in August amid higher gold prices and net earnings from its foreign investments, the Bangko Sentral ng Pilipinas (BSP) said. Preliminary central bank data showed it held $104.813 billion in gross international reserves (GIR) at end-August, up 1.45% from end-July’s $103.317 […]

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