Tag: foreign currency withdrawal

PHL gross int’l reserves settle at US$99-B as of end of August, says BSP

Down from US$99.8 billion as of end of July, due to gov’t’s foreign currency withdrawals, lowered value of BSP gold holdings   (Eagle News) — The Philippines gross international reserves (GIR) level settled at US$99 billion as of end of August 2022, the Bangko Sentral ng Pilipinas (BSP) said. This was a decrease from the end-July 2022 GIR level of US$99.8 billion. -Still more than adequate external liquiduty buffer, says BSP- But the BSP said […]