THE Philippines’ gross international reserves (GIR) slightly rose in August due to higher global gold prices and Bangko Sentral ng Pilipinas (BSP) investment income.
Data released by the central bank late on Friday showed GIR at $105.9 billion as of end-August from $105.4 billion a month earlier.
It was at $105.9 billion in June.
GIR, which helps mitigate the impact of external shocks, remains more than sufficient, the BSP said in a statement.
The August level is enough for 7.2 months’ worth of imports of goods and payments of services and primary income. It is also equivalent to 3.4 times the country’s short-term external debt based on residual maturity.
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The GIR level is considered adequate if “it can finance at least three months’ worth of the country’s imports of goods and payments of services and primary income,” the central bank said.
It is also considered sufficient “if it provides at least 100-percent cover for the payment of the country’s foreign liabilities, public and private, falling due within the immediate twelve-month period.”
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Net international reserves, which comprise the difference between GIR and reserve liabilities, rose to $105.9 billion as of end-August from July 2025’s $105.4 billion.
GIR consists of the BSP’s foreign investments, gold, foreign exchange, reserve position in the International Monetary Fund and special drawing rights.
