Tag page - GIR

The Philippines’ balance of payments (BOP) surplus surged to an all-time high of $16.02 billion in 2020 on the back of higher reserves due to more net foreign borrowings by the National Government (NG) last year, and weak import demand because of the COVID-19 pandemic which constrained economic...

The Philippines’ gross international reserves (GIR) climbed to record-high $109.797 billion as of end-December 2020, about $22 billion higher from end-2019’s $87.839 billion, based on Bangko Sentral ng Pilipinas (BSP) data. The National Government’s (NG) sale of sovereign bonds to raise...

The central bank  reported  Tuesday   the country’s gross international reserves (GIR) continued its rise to $104.508 billion as of end-November from $103.802 billion in end-October, or up by $706 million. Compared to same time in 2019, the GIR is significantly higher by $18.28 billion from...