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MANILA, Nov. 7 (Xinhua) — The Philippines’ total international reserves rose to US$101.1 billion (RM473 billion) as of the end of October from US$98.1 billion a month ago, the central bank said on Friday, citing preliminary data.
The latest figure is equivalent to 7.5 months of imports of goods, payments for services and primary income, the central bank said. The central bank said this provides the country with an adequate external liquidity buffer.
(Source: Reuters Image source: freepik)
