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GIR at $14.7 Billion as of 5 October

10.17.2000

The country’s gross international reserves (GIR) as of 5 October 2000 stood at $14.745 billion, slightly lower compared to the $14.90 billion at end-September.  The decline in reserves was due primarily to the BSP’s foreign exchange sales to the National Government for its debt service requirements as well as to the BSP’s own foreign exchange requirements.

The current GIR level of $14.7 billion is equivalent to 4.4 months of imports of goods and services.

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