Live Breaking News & Updates on Igher Than The Three To Four Months International Standards He Said Dollar Reserves Date Quot Would Continue Provide Structural Support Buffer Cushion For Peso Exchange Rate

DOLLAR RESERVES. The country's gross international reserves (GIR) are expected to continue getting a boost from structural inflows, such as the remittances from overseas Filipino workers (OFWs), revenues of the business process outsourcing (BPO) sector and tourism receipts. Last January, the country's dollar reserves rose to USD99.72 billion from month-ago's USD96.16 billion but was lower than year-ago's USD107.69 billion. (PNA file photo) MANILA - An economist forecasts continued increase in the country's dollar reserves, which improved to USD99.72 billion last January compared to the previous month's level. Data released by the Bangko Sentral ng Pilipinas (BSP) Tuesday night showed that the January 2023 gross international reserves (GIR) of the country, however, was lower than the USD107.69 billion in the same period in 2022. In a commentary on Wednesday, Rizal Commercial Banking Corporation (RCBC) chief economist Michael Ricafort said the country's dollar ....

San Carlos , Negros Occidental , Michael Ricafort , Bangko Sentral , Rizal Commercial Banking Corporation , Dollar Reserves The Country 39s Gross International Gir Are Expected To Continue Gettinga Boost From Structural Inflows , Uch As The Remittances From Overseas Filipino Workers Ofws , Evenues Of The Business Process Outsourcing Bpo Sector And Tourism Receipts Last January , He Country 39s Dollar Reserves Rose To Usd99 72 Billion From Month Ago Usd96 16 But Was Lower Than Year Usd107 69 Pna File Photo Manila An Economist Forecasts Continued Increase In The , Hich Improved To Usd99 72 Billion Last January Compared The Previous Month 39s Level Data Released By Bangko Sentral Ng Pilipinas Bsp Tuesday Night Showed That 2023 Gross International Reserves Gir Of Country , As Lower Than The Usd107 69 Billion In Same Period 2022 Ina Commentary On Wednesday , Izal Commercial Banking Corporation Rcbc Chief Economist Michael Ricafort Said The Country 39s Dollar Reserves Can Geta Lift From Continued Resiliency Of Inflows Overseas Filipino Workers Ofws , He Revenues Of The Business Process Outsourcing Bpo Sector , Foreign Investment Inflows , Foreign Tourism , Nd Philippine Offshore Gaming Operators Pogo Revenues These Inflows , She Said , Uot Could Still Cover The Yearly Trade Deficit Net Imports That Reacheda Record Usd58 3 Billion For 2022 Quot Moreover , He Continued Increase In Fund Raising And Other Investment Banking Activities By The Country 39s Biggest Companies Conglomerates , N View Of The Recent Rising Trend In Global Local Bond Yields Months , Unding Preparations Amid More Decisive New Investments And Expansion Plans As The Economy Reopens Further Towards Greater Normalcy , Ould Entail Some Increase In Foreign Investment Inflows That Could Add To The Country 39s Bop And Gir , Na Cash Flow Basis , Uot He Said Ricafort The Current Gir Level Of Country Remains Adequate As It Is Equivalent To 7 5 Months Imports , Igher Than The Three To Four Months International Standards He Said Dollar Reserves Date Quot Would Continue Provide Structural Support Buffer Cushion For Peso Exchange Rate , Specially Greater Protection Vs Any Speculative Attacks ,