2 weeks Dollar reserves seen to top $100B Inquirer
The Bangko Sentral ng Pilipinas (BSP) expects the country's dollar reserves to remain robust in the near term with exports, remittances and investments rebounding amid the gradual opening of business sectors across the globe. In a briefing on Thursday, BSP Governor Benjamin Diokno said it was likely for the gross International reserves---already at their highest level in Philippine history as of the latest data---to top the $100-billion mark before the end of the year. "The [dollar reserves'] historic high level can be attributed essentially to effective reserves management by the central bank and the sustained net inflow of foreign exchange ... more