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Graph of Gross International Reserves, 2017 (Oct)

The Philippines' gross international reserves (GIR) declined by US$543 million from US$80.96 billion in September to US$80.42 billion in October 2017, which could adequately cover 8.4 months’ worth of imports of goods and payments of services and income.

Net international reserves – the difference between the GIR and total short-term liabilities – decreased to US$80.40 billion as of end-October 2017, compared to the end-September 2017 level of US$80.95 billion.

The country’s foreign currency reserves decreased from US$5.88 billion in end-September 2017 to US$5.46 billion in end-October 2017.  Its gold holdings posted the same value as of end-September 2017.

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