THE PHILIPPINES’ end-June dollar reserves jumped to the highest level in three months, backed by the central bank’s profits from its foreign investments and the foreign currency deposits it received from the National Government (NG), preliminary data showed.
Bangko Sentral ng Pilipinas (BSP) data released late on Tuesday showed the country’s gross international reserves climbed 0.78% to $104.803 billion at end-June from $103.988 billion the prior month.
This was the highest tally since the $106.636 billion at end-March.
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