MANILA, Philippines – The country's gross international reserves (GIR) is now expected to return to the $100-billion level this year after sinking to $96.1 billion in 2022, according to the Bangko Sentral n Pilipinas (BSP). This new forecast that shows an improvement reverses the forecast made three months ago, which pegged the end-2023 GIR lower at $93 billion. The BSP said the upward revision of the forecast was partly due to expectations of a narrower deficit in the trade of goods with the rest of the world.

https://business.inquirer.net/391663/lower-2022-dollar-outflows-expected-to-boost-bsp-reserves

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