{"id":88347,"date":"2017-02-07T19:55:59","date_gmt":"2017-02-08T00:55:59","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=88347"},"modified":"2017-02-07T19:55:59","modified_gmt":"2017-02-08T00:55:59","slug":"phl-foreign-reserves-hits-usd-81-b-in-january-17","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2017\/02\/07\/phl-foreign-reserves-hits-usd-81-b-in-january-17\/","title":{"rendered":"PHL foreign reserves hits USD 81 B in January \u201817"},"content":{"rendered":"

\"PHL<\/a>
PHL foreign reserves hits USD 81 B in January \u201817 (Photo by Allan <\/a>Ajifo [CC BY 2.0)<\/figcaption><\/figure>MANILA\u2014Gross international reserves (GIR) of the Philippines rose to USD 81.04 billion in January 2017, higher than the USD 80.7 billion last December and the USD80.7 billion in January 2016, data released by the Bangko Sentral ng Pilipinas (BSP) on Tuesday showed.<\/p>\n

In a statement, BSP officer-in-charge Nestor A. Espenilla Jr. traced the higher foreign exchange reserves to inflows from the net foreign currency deposits of the national government (NG) with the central bank.<\/p>\n

Other factors include the revaluation adjustments on the central bank\u2019s gold holdings, following the uptick of gold prices in the international market, and the income of central bank\u2019s investments overseas.<\/p>\n

\u201dThese were partially offset by the payments made by the NG for its maturing foreign exchange obligations and by the BSP\u2019s foreign exchange operations,\u201d Espenilla said.<\/p>\n

The BSP official said the current level of foreign reserves was enough to cover 9.2 months worth of goods and payments of services and primary income and equivalent to 5.8 times the country\u2019s short-term foreign liabilities based on original maturity.<\/p>\n

During the same period, net international reserves (NIR) or the difference between the central bank\u2019s foreign reserves and the total short-term debt, rose to USD81.04 billion from month-ago\u2019s USD80.69 billion.<\/p>\n","protected":false},"excerpt":{"rendered":"

MANILA\u2014Gross international reserves (GIR) of the Philippines rose to USD 81.04 billion in January 2017, higher than the USD 80.7 …<\/p>\n","protected":false},"author":33,"featured_media":85068,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[1216,14805,14806],"class_list":["post-88347","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-bangko-sentral-ng-pilipinas","tag-gross-international-reserves","tag-net-international-reserves","mauthors-joann-santiago","mauthors-philippine-news-agency"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/88347","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\/33"}],"replies":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/comments?post=88347"}],"version-history":[{"count":0,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/88347\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/85068"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=88347"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=88347"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=88347"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}