| 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 |