Phl foreign reserves hit $105.3 B in June

The country's gross international reserves (GIR) inched up to a three-month high of $105.32 billion as of end-June, driven by fresh foreign currency deposits from the national government and steady income from overseas investments.

- By KEISHA TA-ASAN

Based on preliminary data from the Bangko Sentral ng Pilipinas (BSP), the latest figure edged up from $105.18 billion in May and was 0.13 percent higher than the $105.19 billion recorded in June last year.

It is also the strongest level since March, when foreign reserves reached $106.67 billion.

"The Philippines' GIR rose in June 2025 mainly due to foreign currency deposits by the national government with the BSP and income from BSP investments," the central bank said in a statement.

The GIR level remains a solid external liquidity buffer, equivalent to 7.2 months' worth of imports of goods and payments of services and primary income.