INFLOW from foreign transactions expanded the gross international reserves (GIR) to a record high in September, boosted by the national government’s net foreign currency deposits and the central bank’s foreign exchange operations and income from investments abroad.
Data released by the Bangko Sentral ng Pilipinas (BSP) on Friday showed the gross GIR reached a record $85.9 billion in September, compared with $85.79 billion in August.
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