Philippines International Reserves at $81.6 Billion in January 2018
Manila | 7th February 2018
Preliminary data showed that the country’s gross international reserves (GIR) level as of end-January 2018 slid marginally to US$81.2 billion from the end-December 2017 GIR of US$81.6 billion, Bangko Sentral ng Pilipinas (BSP) Governor Nestor A. Espenilla, Jr. announced today.
” PHILIPPINES RESERVES AT $81.6 BILLION IN January 2018 “
At this level, the GIR represents more than ample liquidity buffer and is equivalent to 8.2 months’ worth of imports of goods and payments of services and primary income. It is also equivalent to 5.8 times the country’s short-term external debt based on original maturity and 4.2 times based on residual maturity.
Source: Bangko Sentral ng Pilipinas