The country’s gross international reserves (GIR) have fallen to $105.703 billion as of end-July from $105.998 billion at end-June, the Bangko Sentral ng Pilipinas (BSP) said on Thursday.
The latest GIR also dropped from the year-earlier level of $106.737 billion.
The BSP said the decline in July was due to lower global gold prices and the government’s payment of maturing foreign currency loans.
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