MANILA— The Philippines’ gross international reserves PHFXR=ECI increased slightly to $94.1 billion at end-October, from $93 billion a month earlier, the central bank said on Monday, citing preliminary data.
The latest forex reserves represents a more-than-adequate external liquidity buffer equivalent to 7.5 months worth of imports of goods and payments of services and primary income, it said in a statement.
—Reporting by Neil Jerome Morales; Editing by Kanupriya Kapoor
