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gross international reserves graph

The Philippines' gross international reserves (GIR) reduced by US$379 million from US$81.73 billion in August to US$81.35 billion in September 2017, which could adequately cover 8.5 months’ worth of imports of goods and payments of services and income.

Net international reserves – the difference between the GIR and total short-term liabilities – decreased to US$81.34 billion as of end-September 2017, compared to the end-August 2017 level of US$81.72 billion.

The country’s foreign currency reserves rose to US$5.95 billion, the highest level since January 2017. Its gold holdings posted a decline of US$366.2 million to US$8.06 billion as of end-September 2017, compared from end-August’s level of US$8.43 billion.

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