empty
 
 

2009.11.0604:03:00UTC+00Philippines Gross Intl Reserves Rise In October

Philippines' gross international reserves amounted to $43.2 billion at the end of October compared to $42.5 billion in September, the Bangko Sentral ng Pilipinas said Friday.

The current gross reserves level is sufficient to cover eight months of imports of goods and payments of services and income. It is also equivalent to 9.1 times the country's short-term external debt based on original maturity and 4 times based on residual maturity, the central bank said.

Meanwhile, the net international reserves, which includes revaluation of reserve assets and liabilities, increased to $43.1 billion by October-end from $41.9 billion in September.

Copyright(c) 2009 News.com, Inc. All Rights Reserved

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In April we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback