MANILA— The Philippines’ gross international reserves PHFXR=ECI 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
