The Philippines' gross international reserves increased for a fifth consecutive month to reach $82.09 billion in October from $82.03 billion at the end of September. The reserves rose to a fresh record high in October, due mainly to inflows from the foreign exchange operations and investment income, the central bank said Wednesday.
The level remains adequate to cover 11.9 months worth of imports of goods and payments of services and income, Bangko Sentral ng Pilipinas Officer-in-Charge Juan de Zuniga said. Net international reserves, which include revaluation of reserve assets, increased by $0.1 billion to $82.1 billion as of end-October.
Powered by Commodity Insights
India Infoline News Service / 08:59, Sep 15, 2014
Many a times parents overlook other goals as they are too busy focusing on just one goal, that is on their child's education. They are too emotionally involved in achieving this particular goal that they forget planning for their retirement and saving for other emergencies.