THE Philippines’ gross international reserves (GIR) rose slightly to $80.76 billion in June from $80.73 billion a year ago and from $80.4 billion in May, the central bank said on Tuesday.
In a statement, the Bangko Sentral ng Pilipinas (BSP) said the increase in reserves was due mainly to the net foreign currency deposits of the national government and the central bank’s foreign exchange operations, income from investments abroad, and revaluation adjustments on its foreign currency denominated reserves.
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