MANILA, May 8 (Xinhua) -- The Philippines' gross international reserves (GIR) settled at 104.1 billion U.S. dollars as of the end of April 2026, according to preliminary data released by the Bangko Sentral ng Pilipinas (BSP) on Thursday.
The central bank said the April GIR level provides a robust external liquidity buffer, equivalent to 6.9 months' worth of imports of goods and payments of services and primary income. It also covers about 3.8 times the country's short-term external debt based on residual maturity.
GIR consists of foreign-denominated securities, foreign exchange and other reserve assets, including gold. The reserves help ensure sufficient dollar liquidity to meet the country's import needs and foreign debt obligations, address currency volatility, and provide a buffer against external economic shocks. ■
