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Stock image of US dollars.
(Image by Brett Hondow from Pixabay)
MANILA — The Philippines’ gross foreign reserves PHFXR=ECI rose to $106.7 billion at the end of February, from $103.3 billion a month earlier, the central bank said on Friday, citing preliminary data.
The latest forex reserves were a more-than-adequate external liquidity buffer equivalent to 7.5 months worth of imports of goods and payments of services and primary income, it said in a statement.
—Reporting by Mikhail Flores; Editing by Martin Petty
