The country’s Gross International Reserves (GIR) dipped to below $100 billion for the second time this year, according to data released by the Bangko Sentral ng Pilipinas (BSP). Know more:
Stacks of one hundred dollar bills pass through a circulator machine at the Bureau of Engraving and Printing in Washington, D.C., US, in this file photo.THE country’s Gross International Reserves dipped to below $100 billion for the second time this year, according to data released by the Bangko Sentral ng Pilipinas .
Compared to the end of May, the GIR contracted 0.81 percent. The GIR value in June also represented the third consecutive month that the GIR fell this year. However, BSP said the latest GIR level represents a more-than-adequate external liquidity buffer equivalent to 7.4 months’ worth of imports of goods and payments of services and primary income.
The BSP said the net international reserves refers to the difference between the GIR and reserve liabilities or short-term foreign debt and credit and loans from the International Monetary Fund .
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
DOH: 1,382 new Omicron subvariant cases detected from June 26 to June 29More than a thousand additional cases of various Omicron subvariants were detected in the Philippines by late June, according to Department of Health (DOH) data.
Read more »
PH forex reserves sank back below $100B in JuneThe Philippines’ gross international reserves may have again fallen below the $100-billion mark after three straight months above this threshold to end June at $99.8 billion, mainly due to reduced investments abroad. | RonWDomingoINQ /PDI
Read more »
Fajardo dominates as Gilas Pilipinas wraps up Europe camp with romp of Lithuanian squadJune Mar Fajardo shines in a blowout of a young Lithuanian team set to compete in the Universiade as Gilas Pilipinas ends it European trip with a 3-3 record.
Read more »
UK firms most upbeat in 10 months despite economic headwinds – surveyBritish companies were the most upbeat about their trading prospects in 10 months in June and their hiring plans increased again but rising interest rates could prompt consumers to rein in spending, according to a survey published on Sunday. | Reuters
Read more »
UK jobs market cools again, pay growth weakest since April 2021: RECPay pressures in Britain’s labor market cooled further in June, according to a survey of recruiters published on Monday that could help ease some of the Bank of England’s concerns about inflation pressure. | Reuters
Read more »
Angat Dam now below minimum operating levelThe water level at Angat Dam has fallen below the minimum operating level of 180 meters, the Philippine Atmospheric, Geophysical and Astronomical Services Administration (Pagasa) said on
Read more »