Philippines' gross foreign reserves decrease to $101.51 bln at end-April

Kitco Media
By Reuters
Published:
Updated:
Reuters
MANILA, May 5 (Reuters) - The Philippines' gross international reserves fell slightly to $101.51 billion at the end of April, from $101.55 billion a month earlier, the central bank said on Friday, citing preliminary data. The latest forex reserves represent a more than adequate external liquidity buffer equivalent to 7.6 months of imports of goods and payments of services and primary income, the central bank said in a statement. (Reporting by Neil Jerome Morales)

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