THE Philippines’ gross international reserves (GIR) slipped to their lowest level in nine months due to foreign debt servicing and softer gold prices, although they stayed above their year-earlier level, official data showed on Thursday.
The GIR level stood at $82.73 billion in November, down 2.78 percent from the $85.10 billion recorded in October, but up 3.19 percent from $80.17 billion in the same month last year, the Bangko Sentral ng Pilipinas (BSP) said in its latest report.
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