The country's gross international reserves (GIR) fell to a two-month low of $106.98 billion at the end of May due to debt payment and other government expenses.

According to preliminary data released by the Bangko Sentral ng Pilipinas (BSP) on Friday, the amount was 0.67 percent lower than at end-April, but 14.67 percent more than the $93.29 billion recorded a year ago.

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