THE Philippines’ gross international reserves (GIR) rose by 0.76 percent to $80.858 billion in May from $80.242 billion a year earlier on the back of the central bank’s foreign exchange operations, revaluation adjustments on gold holdings and income from investments abroad.
Month-on-month, the foreign reserves rose by 0.01 percent or $8 million from $80.850 billion in April, the Bangko Sentral ng Pilipinas (BSP) said on Friday.
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