The country’s gross international reserves (GIR) rose by $641 million to $80.18 billion in January from the revised December 2014 level of $79.54 billion, preliminary data released by the Bangko Sentral ng Pilipinas (BSP) showed on Friday.

The increase in reserves resulted from higher net foreign currency deposits by the national government, revaluation adjustments of the central bank’s gold holdings and foreign currency-denominated reserves, and income from its investments abroad.

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