Tuesday 12 December 2017
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5 days ago

PH dollar reserves slides to 2-year low of $80.313B

Due to lower global gold prices and a weaker peso, the Philippines dollar reserves slid to a fresh over two-year low of $80.313 billion in November, preliminary Bangko Sentral ng Pilipinas data releasedThursdayshowed. The gross international reserves (GIR) level last month remained the lowest since November 2015 s $80.173 billion. In a statement, BSP Deputy Governor Chuchi G. Fonacier attributed the further decline in the GIR from $80.419 billion in October mostly to outflows arising from paymen

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