Dollar reserves drop to near 4-year low
MANILA, Philippines — The Philippines’ foreign exchange reserves dropped to a near four-year low in October, extending their annual slide amid compounding pressures from the peso’s weakness, foreign debt payments and lower gold values. Preliminary data from the Bangko Sentral ng Pilipinas (BSP) showed the country’s gross international reserves (GIR) dropped 11.7 percent from a year […]...Keep on reading: Dollar reserves drop to near 4-year low
MANILA, Philippines — The Philippines’ foreign exchange reserves dropped to a near four-year low in October, extending their annual slide amid compounding pressures from the peso’s weakness, foreign debt payments and lower gold values. Preliminary data from the Bangko Sentral ng Pilipinas (BSP) showed the country’s gross international reserves (GIR) dropped 11.7 percent from a year […]...
Keep on reading: Dollar reserves drop to near 4-year low
Keep on reading: Dollar reserves drop to near 4-year low
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