Read this in The Manila Times digital edition.
THE country's gross international reserves (GIR) surged to a two-month high of $107.94 billion at the end of October due to the national government's foreign currency deposits and the higher price of gold, according to the Bangko Sentral ng Pilipinas (BSP).
Preliminary figures issued by the central bank on Friday showed that the total was 1.26 percent wider than the $106.59 billion recorded at the end of September last year, but 3.99 percent bigger than the $103.80 billion reported a year ago.
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