Philippines International Reserves at $81.51 Billion in August 2017

Manila | 9th September 2017

Preliminary data showed that the country’s gross international reserves (GIR) level rose to US$81.51 billion as of end-August 2017 from the end-July GIR level of US$81.07 billion.

” PHILIPPINES Reserves at $81.51 Billion in August 2017 “

This level could adequately cover 8.7 months’ worth of imports of goods and payments of services and primary income. It is also equivalent to 5.6 times the country’s short-term external debt based on original maturity and 3.7 times based on residual maturity.

Source: Bangko Sentral ng Pilipinas

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