Philippines' GIR decreased to 104.7 billion USD in June due to debt obligations and gold valuation adjustments.

The Philippines' gross international reserves (GIR) fell to 104.7 billion USD in June, down from 105.02 billion USD in May. The country's GIR represents a more than adequate external liquidity buffer equivalent to 7.7 months' worth of imports and payments. The decline was attributed to government debt obligations and valuation adjustments in gold holdings due to lower international gold prices.