Gross international reserves lowered to USD 60.57bn in November.

By bne IntelliNews December 22, 2010
The Philippines' gross international reserves were recorded at USD 60.57bn during November this year. As reported by Dow Jones International News, according to the data from the central bank, the downward revision was mainly due to the valuation of central bank's foreign investments, which was lowered to USD 52.04bn from the initial figure of USD 52.70bn. The value of International Monetary Fund special drawing rights and foreign exchange held by the central bank was also lowered by USD 35.6mn and USD 36.2mn, respectively.

Gross international reserves lowered to USD 60.57bn in November.

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