MANILA — The Philippines’ gross foreign reserves PHFXR=ECI slightly rose to $111.1 billion at the end of November, from $110.2 billion a month earlier, the central bank said on Friday, citing preliminary data.
The latest foreign exchange reserves provide a “robust” external liquidity buffer equivalent to 7.4 months worth of imports of goods and payments of services and primary income, it said in a statement.
—Reporting by Mikhail Flores; Editing by Emelia Sithole-Matarise