The country’s gross international reserves (GIR) could hit $110 billion this year and would continue to cushion the economy against external shocks, according to the central bank.
“We’re looking at maybe $110 billion [in GIR] this year, and even $120 billion next year,” Bangko Sentral ng Pilipinas (BSP) Governor Benjamin Diokno said in a virtual broadsheet interview on Wednesday.
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