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Economy
1 MIN READ
Philippines’ gross foreign reserves at USD 94.1 billion at end-October
November 7, 2022
By Reuters
By Reuters
MANILA, Nov 7 (Reuters) – The Philippines’ gross international reserves increased slightly to USD 94.1 billion at end-October, from USD 93 billion a month earlier, the central bank said on Monday, citing preliminary data.
The latest forex reserves represents 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; Editing by Kanupriya Kapoor)
This article originally appeared on reuters.com