GIR weighed down by MidEast war-induced volatility

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Originally published byPhilippine Daily Inquirer

MANILA, Philippines – The Philippines’ gross international reserves (GIR) fell to the lowest level in more than a year in April, as the central bank’s holdings of gold, foreign exchange and offshore investments declined amid extreme market volatility triggered by the Middle East crisis. Latest data from the Bangko Sentral ng Pilipinas (BSP) showed the […]...

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