A larger balance of payments (BOP) surplus in August narrowed the country’s cumulative deficit for the first eight months of the year to its lowest level in five months, according to the Bangko Sentral ng Pilipinas (BSP). The latest data from the BSP showed that the BOP, which reflects the...
Higher gold prices globally, coupled with the central bank’s investment income, helped the Philippines’ gross international reserves (GIR)—its stock of United States (US) dollars and other foreign currencies—recover last month from its modest decline in July. Preliminary data from the...
The Philippines’ gross international reserves (GIR) or its stock of United States (US) dollars and other foreign currencies, dropped to $105.3 billion at end-July, from $106 billion in June, according to data from the Bangko Sentral ng Pilipinas (BSP). The central bank attributed the slight...
The Philippines’ gross international reserves (GIR) or United States (US) dollar stock increased to $105.3 billion as of end-June from the previous month’s $105.2 billion, according to the data from the Bangko Sentral ng Pilipinas (BSP). This level increased slightly by $100 million from...
The Philippines’ balance of payments (BOP) swung to a $298-million deficit in May, a reversal from the billion-dollar surplus a year ago, as the government drew down its dollar reserves to pay foreign debts. Data from the Bangko Sentral ng Pilipinas (BSP) showed that the country’s BOP, which...
The Philippines’ external financial standing strengthened in May this year, as the country 's gross international reserves (GIR) posted a notable increase, bolstering its capacity to withstand external economic pressures. The Bangko Sentral ng Pilipinas (BSP) reported that the country’s...
The Philippines’ gross international reserves (GIR) or United States (US) dollar stock declined to $106.2 billion, or about ₱6.1 trillion, as of end-March, the Bangko Sentral ng Pilipinas (BSP) reported. This level decreased by $1.2 billion, or over one percent, from February’s $107.4...
The Bangko Sentral ng Pilipinas (BSP) announced the country's Gross International Reserves (GIR) reached $106.7 billion at end-February 2025, driven by foreign investments and gold valuations. The Philippines’ gross international reserves (GIR) increased to $106.7 billion, or about ₱6.1...
The Philippines’ stock of US dollars declined to $108.465 billion at the end of November, down $2.618 billion from the previous month’s $111.083 billion after the government settled its maturing foreign currency loans. The end-November gross international reserves (GIR) level is higher than the...
The Bangko Sentral ng Pilipinas (BSP) has assured congressmen that using the central bank's dividends on the proposed Maharlika Wealth Fund (MWF) would not have any adverse effects on its gross international reserves (GIR). (Giorgio Trovato/ Unsplash) BSP Deputy Governor Francisco Dakila Jr., made...
The Philippines’ stock of foreign assets and US dollar reserves have passed the $100 billion mark at $100.49 billion as of end-September, Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno said Thursday. Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno Based on preliminary...
The Bangko Sentral ng Pilipinas (BSP) remains confident that the country’s external debt numbers and ratios are still at prudent and at comfortable levels despite more borrowings in the past seven months for the COVID-19 pandemic war chest. Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E....
