Dollar reserves fall to $104.6B at end-April

THE Philippines’ dollar reserves declined by 1.9% as of end-April, as the National Government (NG) repaid more foreign debt, the central bank said.

Data from the Bangko Sentral ng Pilipinas (BSP) showed gross international reserves (GIR) dropped to $104.6 billion as of end-April from $106.7 billion as of end-March.

Year on year, the dollar reserves rose by 1.9% from $102.65 billion.