The Philippines’ gross international reserves (GIR) rose to $105.9 billion at the end of August 2025 from $105.4 billion a month earlier, the Bangko Sentral ng Pilipinas said over the weekend.
The increase was due to higher global gold prices and income from the BSP investments, preliminary data showed.
GIR consists of foreign-denominated securities, foreign exchange and other assets including gold. They help a country finance its imports and foreign debt obligations, stabilize its currency and provide a buffer against external economic shocks.
The BSP said the latest GIR level was a “more than adequate” external liquidity buffer, equivalent to 7.2 months’ worth of imports of goods and payments of services and primary income.
It was also about 3.4 times the country’s short-term external debt based on residual maturity.
By convention, GIR is considered adequate if it can finance at least three months’ worth of the country’s imports and services payments.
