MANILA — The Philippines‘ gross foreign reserves PHFXR=ECI slightly dropped to $105.7 billion at the end of July, from $106 billion a month earlier, the central bank said on Thursday, citing preliminary data.
The latest forex reserves a “robust” external liquidity buffer equivalent to 7.2 months worth of imports of goods and payments of services and primary income, it said in a statement.
—Reporting by Mikhail Flores; Editing by Martin Petty
