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The Philippines started 2019 strong with gross international reserves (GIR) reaching US$82.13 billion, an increase of US$2.94 billion from US$79.19 billion in end-December 2018, which could adequately cover 7.2 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 – also grew to US$82.13 billion as of end-January 2019, compared to the end-December 2018 level of US$79.19 billion.

The country’s foreign investments expanded by US$2.92 billion from US$66.73 billion in end-December 2018 to US$69.65 billion in end-January 2019. On the other hand, foreign currency reserves waned from US$5.75 billion in end-January 2019 to US$2.42 billion in end-January 2019. 

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