{"id":31003,"date":"2014-11-08T17:06:33","date_gmt":"2014-11-08T09:06:33","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=31003"},"modified":"2014-11-09T07:09:23","modified_gmt":"2014-11-08T23:09:23","slug":"revaluation-of-gold-holdings-causes-forex-reserves-decline-to-lowest-level-in-2-years","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2014\/11\/08\/revaluation-of-gold-holdings-causes-forex-reserves-decline-to-lowest-level-in-2-years\/","title":{"rendered":"Revaluation of gold holdings causes forex reserves decline to lowest level in 2 years"},"content":{"rendered":"<figure id=\"attachment_10675\" aria-describedby=\"caption-attachment-10675\" style=\"width: 300px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2014\/05\/bangko-sentral-ng-pilipinas.jpeg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-10675\" src=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2014\/05\/bangko-sentral-ng-pilipinas-300x225.jpeg\" alt=\"Bangko Sentral ng Pilipinas (Central Bank of the Philippines). Wikipedia photo\" width=\"300\" height=\"225\" srcset=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2014\/05\/bangko-sentral-ng-pilipinas-300x225.jpeg 300w, https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2014\/05\/bangko-sentral-ng-pilipinas.jpeg 468w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><figcaption id=\"caption-attachment-10675\" class=\"wp-caption-text\">Bangko Sentral ng Pilipinas (Central Bank of the Philippines). Wikipedia photo<\/figcaption><\/figure>\n<p>MANILA \u2013 Revaluation adjustments on the country\u2019s gold holdings caused the gross international reserves to decrease at the lowest level in more than two years in October.<\/p>\n<p>A data obtained from the Bangko Sentral ng Pilipinas indicated that GIR was only $79.296 billion in October.<\/p>\n<p>GIR is an indicator of the country\u2019s ability to pay for the imports of goods and services and its foreign debts.<\/p>\n<p>The figure, which was the lowest since June 2012, showed a decrease from the $79.557 in September.<\/p>\n<p>\u201cThe decrease in reserves was due mainly to revaluation adjustments in the BSP\u2019s gold holdings and payments for maturing foreign exchange obligations of the National Government,\u201d the BSP said.<\/p>\n<p>The figures, however, were offset in partial by net foreign currency deposits of the National Treasury, earnings from the central bank\u2019s investments abroad, and revaluation adjustments on the BSP\u2019s foreign currency-denominated reserves.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MANILA \u2013 Revaluation adjustments on the country\u2019s gold holdings caused the gross international reserves to decrease at the lowest level &hellip;<\/p>\n","protected":false},"author":44,"featured_media":10675,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[8543],"class_list":["post-31003","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-forex-reserve","mauthors-lei-fontamillas","mauthors-philippine-canadian-inquirer"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/31003","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/comments?post=31003"}],"version-history":[{"count":0,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/31003\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/10675"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=31003"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=31003"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=31003"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}