Philippines’ gross international reserves rise to $109.7 billion in October
MANILA — The Philippines’ gross international reserves (GIR) rose to $109.7 billion in October, up from $109.1 billion in September, according to preliminary data released by the Bangko Sentral ng Pilipinas (BSP) on Friday, November 8.
![The Bangko Sentral ng Pilipinas headquarters in Manila. [photo credit: Patrick Roque | Wikipedia]](http://ourdailynewsonline.com/wp-content/uploads/2025/11/Bangko_Sentral_ng_Pilipinas_BSP_-_view_from_Manila_Yacht_Club_Roxas_Boulevard_malate_Manila_2014-10-24-scaled.jpg)
Robust liquidity buffer
The BSP said the latest GIR provides a strong external liquidity buffer, equivalent to 7.3 months of imports of goods and payments of services, including primary income.
This level also covers roughly 3.7 times the country’s short-term external debt based on residual maturity, the central bank noted.
Composition of reserves
The Philippines’ GIR comprises foreign-denominated securities, foreign exchange, and other assets, including gold. The stable reserves position reflects the country’s ability to meet external obligations and maintain financial stability.
