BOND issuances by the national government and higher gold prices increased the country’s gross international reserves (GIR) to a three-month high of $107.25 billion as of the end of April.

Preliminary Bangko Sentral ng Pilipinas (BSP) data showed on Friday the figure was 2.30 percent and 17.93 percent higher than the $104.48 billion and $90.94 billion at end-March and a year earlier, respectively.

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