Philippines central bank says it has more than enough Forex reserves

Benjamin Diokno, governor of the Bangko Sentral ng Pilipinas, said the bank has various liquidity enhancing tools that can be deployed if the domestic situation becomes unexpectedly tight or disorderly. - Bloomberg

MANILA, March 7 (Reuters): The Philippines has more than adequate foreign exchange reserves to contend with any market volatility, though the impact on its own currency from the Russia-Ukraine conflict has been muted so far, the country's central bank chief said on Sunday.

Governor Benjamin Diokno's statement also said that the Bangko Sentral ng Pilipinas (BSP) has various liquidity enhancing tools that can be deployed if the domestic situation becomes unexpectedly tight or disorderly.