MANILA (Xinhua): The Philippines' gross international reserves (GIR) level rose by US$2.35 billion to $93.29 billion as of end-May 2020 from the end-April 2020 level of $90.94 billion, the Philippine central bank said on Tuesday (June 23).
Citing preliminary data, the Bangko Sentral ng Pilipinas (BSP) said the month-on-month increase in the GIR level reflected inflows mainly from the national government's foreign currency deposits with the BSP of proceeds from its issuance of Republic of the Philippines Global Bonds, and the BSP's foreign exchange operations.
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