MANILA — The Philippines‘ gross international reserves PHFXR=ECI reached an all-time high of $112 billion at end-September, the central bank said on Monday, citing preliminary data.
The latest forex reserves, which compared with the previous month’s $107.9 billion, represents a more than adequate external liquidity buffer equivalent to 8.1 months worth of imports of goods and payments of services and primary income, it said in a statement.
—Reporting by Karen Lema; Editing by Martin Petty
