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PH reserves hit 13-month high on gold in Nov.
Manila Bulletin
|December 8, 2025
Fresh highs in gold reserves propelled the Philippines’ gross international reserves (GIR)—the country’s stock of foreign currencies—to a 13-month high, the strongest level since October 2024.
Preliminary data from the Bangko Sentral ng Pilipinas (BSP) showed the country’s GIR expanded to $111.1 billion at end-November, surpassing the previous month’s high of $110.2 billion.
The continued improvement since July is attributed to higher global gold prices, despite a slight easing in the central bank’s earnings from its investments.
Gold reserves stood at $18 billion, setting a new record level and surpassing the all-time high set in October.
The GIR includes the BSP’s reserve assets, such as foreign investments, gold, foreign currency, its reserve position in the International Monetary Fund (IMF), and Special Drawing Rights (SDR).
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