Gross International Reserves
The Philippines' gross international reserves (GIR) fell by US$605.9 million from US$81.22 billion in January to US$80.62 billion in February, which could adequately cover 8.2 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 – decreased to US$80.61 billion as of end-February, compared to the end-January level of US$81.22 billion.
The country’s foreign currency reserves increased from US$5.75 billion in end-January to US$6.20 billion in end-February. Its gold holdings fell by US$192.9 million from US$8.50 billion in end-January to US$8.31 billion in end-February.