Gross internal reserves dropped to $107.5 billion as of end-March, from February’s $112.7 billion record high. Still, the BSP said, ‘this level provides an…
The BSP maintained that the current reserve level remains sufficient, providing external liquidity equivalent to 7.4 months’ worth of imports of goods and…
The decline, from $106 billion to $105.7 billion, also reflected movements in the value of foreign assets, which include foreign-denominated securities,…