Boxes And Print

BASAHIN: Hinimok ni Pangulong Rodrigo Roa Duterte ang mga Pilipino na magkaisa at magpakita ng "compassion" sa isa't isa upang malampasan ang lahat ng mga pagsubok na kinakaharap ng bansa.

End-May 2022 GIR Level Settles at US$103.53 Billion

The country’s gross international reserves (GIR) level, based on preliminary data, settled at US$103.53 billion as of end-May 2022 from the end-April 2022 GIR level of US$105.4 billion.

The month-on-month decrease in the GIR level reflected mainly the National Government’s (NG) foreign currency withdrawals from its deposits with the BSP to settle its foreign currency debt obligations and pay for its various expenditures. Further, the downward adjustment in the value of the BSP’s gold holdings due to the decrease in the price of gold in the international market contributed to the decline in the GIR.

More on: https://bit.ly/GIR_May2022