Philippines' foreign reserves dipped to $106.84B in December, still covering 7.5 months of payments.

The Philippines' gross international reserves (GIR) fell to $106.84 billion by the end of December 2024, down from $108.49 billion in November, according to the country's central bank. Despite the drop, the reserves are considered more than adequate, covering 7.5 months of imports and service payments. The decrease was attributed to foreign exchange operations, reduced government deposits, and lower gold prices.

3 months ago
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