Forex reserves hit new high of $25 billion
The country’s foreign exchange reserves hit a fresh all-time high of $25 billlion in end-April, enough to cover nearly five months of import payments, the Bangko Sentral ng Pilipinas (BSP) yesterday said.
Last month’s gross international reserves (GIR) level was $300 million higher than the $24.7 billion posted in March.
No comments:
Post a Comment