COUNTRY’S FOREIGN RESERVES SETTLE AT US$105.7B IN JULY 2025[/font][/size][/font]
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The Philippines’ gross international reserves (GIR) declined slightly in July 2025 mainly due to lower global gold prices and the national government’s drawdowns on its foreign currency deposits with the Bangko Sentral ng Pilipinas (BSP) to service external debt obligations.[/font]
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GIR declined from US$106.0 billion as of end-June 2025 to US$105.7 billion at end-July 2025, according to preliminary data.[/font]
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GIR are made up of foreign-denominated securities, foreign exchange, and other assets including gold. GIR help a country finance its imports and foreign debt obligations, stabilize its currency, and provide a buffer against external economic shocks.[/font]
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The latest GIR level provides a robust external liquidity buffer, equivalent to 7.2 months' worth of imports of goods and payments of services and primary income.[1][/font][/color][/font]
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Moreover, it covers about 3.4 times the country's short-term external debt based on residual maturity.[2][/font][/color],[3][/font][/url] [/font] [/font][/font]
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Similarly, the net international reserves decreased by US$0.3 billion from US$106.0 billion as of end-June 2025 to US$105.7 billion as of end-July 2025.[4][/font][/color][/font]
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