The Philippines’ gross international reserves (GIR) snapped a two-month slump in August with the Bangko Sentral ng Pilipinas (BSP) attributing the recovery to higher gold prices, investment income, and currency deposits by the national government.
Central data released on Thursday showed the country’s foreign exchange reserves at $81.51 billion, up 0.10 from July. A year earlier it was at $85.79 billion.
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