Off the wire
• Roundup: HK stocks close 3.13 pct higher  • Hong Kong's chief executive to visit Israel, Britain  • Roundup: BOJ maintains monetary policy, further easing likely due to sluggish economy  • Hong Kong stocks close 3.13 pct higher  • Interview: Global agreement on climate change to be reached in Paris: former Australian PM  • Foreign exchange rates in Hong Kong  • Maldives blast likely assassination attempt: media  • More students in Xinjiang receive bilingual education  • Spotlight: Russia, West divided on air raids against IS  • Agreement expected on Libyan unity gov't: UN envoy  
You are here: 　 Home

Philippine gross int'l reserves up to 80.31 bln USD in September

Xinhua, October 7, 2015 Adjust font size:

The Philippines' gross international reserves (GIR) slightly rose to 80.31 billion U.S. in September from 80.26 billion U.S. dollars in August, the central bank said on Wednesday.

Bangko Sentral ng Pilipinas officer-in-charge Diwa Guinigundo attributed the increase on the central bank's foreign exchange operations and its income from investments abroad as well as the national government's net foreign currency deposits.

The September preliminary GIR level remains ample as it can cover 10.3 months' worth of imports of goods and payments of services and income, he said.

"It is also equivalent to 6.1 times the country's short-term external debt based on original maturity and 4.4 times based on residual maturity," Guinigundo added.

He said these foreign exchange inflows were partially offset by payments made by the national government for its maturing foreign exchange obligations and revaluation adjustments on the central bank's gold holdings and foreign currency-denominated reserves. Endi