The Philippines’ gross international reserves (GIR) declined in September with the Bangko Sentral ng Pilipinas (BSP) attributing the drop to its foreign exchange operations, lower gold prices and national government debt payments abroad.
Central bank data released on Friday showed the country’s foreign exchange reserves at $81.34 billion for the month, down 0.46 percent from August. A year earlier it was at $86.13 billion.
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