MANILA — The Philippines’ gross foreign reserves PHFXR=ECIslightly rose to $105.9 billion at the end of August, from the revised $105.4 billion a month earlier, the central bank said on September 5, citing preliminary data.
The latest forex reserves provide 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 Kevin Liffey
