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.
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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