THE country’s gross international reserves (GIR) fell to its lowest level in three months in February with the Bangko Sentral ng Pilipinas (BSP) attributing the drop to its foreign exchange operations, the government’s foreign debt payments and gold prices.

Central bank data released on Wednesday showed the Philippines’ foreign exchange reserves at $80.618 billion, down 1.16 percent from January and also lower compared to the $81.436 billion recorded a year earlier.

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