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Sovereign Wealth Funds Briefing - Categorized | Reserve Currencies

Phillipine’s forex reserves climb to new record in 2009

Posted on 08 January 2010

From Gmanews.tv: The country’s gross international reserves (GIR) rose to a record $45 billion at the end of last year mainly due to higher dollar inflows, foreign borrowings of the National Government and increasing value of the central bank’s gold holdings.

The year-end level was $800 million higher than the end-November level of $44.2 billion, and by $7.4 billion more than the end-2008 level of $37.6 billion, the Bangko Sentral ng Pilipinas (BSP) said in a statement of Thursday…………………………………….Full Article: Source


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