The Philippines’ gross international reserves (GIR) eased in March but remained ample to provide an 11.1-month buffer for the country, central bank data shows.

The GIR fell by $700 million to $79.80 billion last month from $80.50 billion in February. On a yearly basis, the gross dollar reserves slid from the $83.95 billion recorded in the same month in 2013. The GIR for 2014 is projected by the central bank at $88 billion.

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