The Philippines’ gross international reserves (GIR) were back to a healthy level in February after a slump the previous month, providing an 11.5-month buffer for the country, central bank data shows.
Month-on-month, GIR grew by $800 million to $80.3 billion in February from $79.5 billion in January, according to the latest figures from the Bangko Sentral ng Pilipinas (BSP) released on Friday.
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