Philippines’ forex reserves at USD 93.95 bln at end-November
by Reuters
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MANILA, Dec 7 (Reuters) – The Philippines’ gross international reserves dropped to USD 93.95 billion at end-November, from USD 94.03 billion a month earlier, the central bank said on Wednesday, citing preliminary data.
The latest forex reserves represent a more-than-adequate external liquidity buffer equivalent to 7.5 months worth of imports of goods and payments of services and primary income, it said in a statement.
(Reporting by Neil Jerome Morales)
This article originally appeared on reuters.com