The gross international reserves (GIR) level last month was the lowest since the $81.436 billion posted in February, as well as lower than the $85.284 billion a year ago.
In a statement, BSP Governor Nestor A. Espenilla Jr. attributed the drop in reserves from May’s $82.177 billion to “outflows arising from the BSP’s foreign exchange operations, payments made by the national government for its maturing foreign exchange obligations, and revaluation ad…
Keep on reading: Dollar reserves fell to 4-month low of $81.413 billion in June
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