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The Philippines’ gross international reserves (GIR) continuous to grow as it reached US$82.78 billion in end-February 2019, an increase of US$293.7 million from US$82.49 billion in end-January 2019, which could adequately cover 7.3 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$82.77 billion as of end-February 2019, compared to the end-January 2019 level of US$82.48 billion.

The country’s foreign investments expanded from US$69.97 billion in end-January 2019 to US$70.37 billion in end-February 2019. On the other hand, foreign currency reserves waned from US$2.44 billion in end-January 2019 to US$2.39 billion in end-February 2019. 

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