THE country’s gross international reserves rose to $81.82 billion at the end of April from the end-March level of $80.89 billion, the highest in six months since they reached $85.105 billion in October last year, Bangko Sentral ng Pilipinas said Friday.
The regulator in a statement attributed the increase to inflows from foreign exchange operations, revaluation adjustments in Bangko Sentral ng Pilipinas’ gold holdings and income from investments abroad.
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Bangko Sentral said these were partially offset by the government’s payments of maturing foreign exchange obligations.
“The end-April GIR can cover nine months worth of import of goods and payments of services and primary income,” the regulator said.
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