Dollar reserves fall below $100 billion
FROM THE PUBLISHER
By Katherine K. Chan, Reporter THE PHILIPPINES’ dollar reserves plummeted to its lowest level in three years at end-September as the central bank used it to support the peso, with foreign debt payments and lower value of gold and foreign-currency assets dragging it further. In the nine months to September, the country’s gross international reserves (GIR) fell to $99.997 billion, down 8.31% from the $109.06 billion seen a year ago, preliminary data from the Bangko…
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