5 March 2010 179 views No Comment Email This Post

MANILA – The country has improved further its ability to pay for expenditure requirements denominated in currencies other than the peso, with its reserve foreign exchange hitting a new record high in February.

The Bangko Sentral ng Pilipinas Friday reported that the gross international reserves (GIR), the country’s reserve of foreign currencies and gold managed by the central bank, amounted to $45.71 billion as of end-February, rising from $45.59 billion registered as of end-January.

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