The Philippines' gross international reserves (GIR) decreased by US$227.90 million, from US$74.94 billion in end-September to US$74.71 billion in end-October, which could adequately cover 6.8 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 – slightly decreased to US$74.69 billion as of end-October from the end-September level of US$74.92 billion.

The country’s foreign investments declined by US$91.8 million from US$59.85 billion in end-September to US$59.76 billion in end-October. Likewise, foreign currency reserves waned from US$5.84 billion in end-September to US$5.43 billion in end-October. 

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