PHL ends 2024 with over $100-B reserves

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PHL ends 2024 with over $100-B reserves - Business Mirror

Quick Summary:

THE country ended 2024 with its dollar reserves at over $100 billion for the second consecutive year, according to the Bangko Sentral ng Pilipinas (BSP).

NIR is the difference between the BSP’s reserve assets or the GIR and reserve liabilities or the short-term foreign debt and credit and loans from the IMF.Cai U.

BSP said the latest GIR level 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.