PH foreign reserves reach US$113B record in Feb.

PTVPhilippines

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00:00The Philippine Foreign Reserves reached a $113 billion record this February.

00:05This after a surge in the valuation of gold holdings outweighing the retreat in foreign investments

00:11amid escalating geopolitical tensions in the Middle East.

00:16According to Banco Central ng Pilipinas data, Gross International Reserves or GIR

00:20reached $105 million to $112.72 billion from the previous month.

00:28According to an economist, the relatively high GAR would help fundamentally support

00:34and protect the peso exchange rate against any speculative attacks.

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