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
Join the Rise of Asia. Share a Story, Article or Photo here. For Press Release, visit here.
About The Wealth Times
The Wealth Times is the premier economic & financial media for Asia. Covering Asia’s most relevant developments in economy, business and finance. Asia is the world’s fastest growing economy with GDP exceeding $25 trillion and powered by 4.4 billion people.
Where should you invest your capital for the next decade? Which are the fastest growing companies in Asia? Which is the most exciting sector to be in? Which are the top cities to be in? Which country has new economic policies? Who are the most influential leaders? Who are the top business leaders?