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PH foreign exchange reserves drop to $79.29B

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Bangko Sentral ng Pilipinas.  INQUIRER.net FILE PHOTO

The country’s foreign exchange reserves fell to their lowest point since the middle of 2012, although remained more than enough to cover the economy’s needs for nearly 11 months.

Posted: November 8th, 2014 in Headlines,Latest Business Stories | Read More »

Forex reserves rose to $82.9B in July

By
AFP FILE PHOTO

The country’s foreign exchange reserves inched up in July due to the aggressive buying of dollars by the central bank to control fluctuations in the peso’s value.

Posted: August 8th, 2013 in Editor's Pick,Headlines | Read More »

PH forex reserves hit new high in January

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AFP FILE PHOTO

The country’s foreign exchange reserves hit another record high, partly fueled by the Bangko Sentral ng Pilipinas’ efforts to temper the peso’s appreciation by buying dollars.

Posted: February 8th, 2013 in Editor's Pick,Featured Gallery,Headlines | Read More »

8-month BOP surplus surges to $9B

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dollars

The country’s balance of payments (BOP) posted a surplus of $2.72 billion in August, the highest in eight months, as remittances, foreign portfolio investments and other inflows of foreign currencies remained robust. A report from the Bangko Sentral ng Pilipinas showed that the latest BOP surplus was up more than 18 times from only $151 […]

Posted: September 19th, 2011 in Editor's Pick,Featured Gallery,Headlines,Photos & Videos | Read More »

BSP eyes cut in US treasury holdings

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bsp

The Bangko Sentral ng Pilipinas has found it prudent to diversify the instruments where it invests the country’s nearly $70 billion in foreign exchange reserves given the US debt problem. The bulk of the country’s gross international reserves (GIR) are invested in US treasuries. BSP Governor Amando Tetangco Jr. said the central bank was considering […]

Posted: August 1st, 2011 in Editor's Pick,Featured Gallery,Headlines,Photos & Videos | Read More »

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