THE country’s gross international reserves (GIR) rose to a new record in August, boosted by higher inflows from the national government’s net foreign currency deposits and the central bank’s foreign exchange operations and income from investments abroad.
Data from the Bangko Sentral ng Pilipinas (BSP) released Wednesday showed that GIR in August stood at $85.89 billion, up 7 percent from the $80.25 billion recorded in August 2015.
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