The Central Bank of the Philippines released preliminary data showing the Philippines’ gross international reserves increased to USD 105.9 billion at end-August 2025 from USD 105.4 billion at end-July 2025, driven by higher global gold prices and income from Bangko Sentral ng Pilipinas investments. Net international reserves also rose by USD 0.5 billion to USD 105.9 billion over the same period. Gross international reserves comprise foreign-denominated securities, foreign exchange, and other assets including gold. The end-August level was equivalent to 7.2 months’ worth of imports of goods and payments of services and primary income, and covered around 3.4 times the country’s short-term external debt based on residual maturity.
Central Bank of the Philippines 2025-09-05
Central Bank of the Philippines reports gross international reserves rising to USD 105.9 billion at end August 2025
The Central Bank of the Philippines reported an increase in gross international reserves to USD 105.9 billion at end-August 2025, up from USD 105.4 billion in July, attributed to higher global gold prices and income from investments. Net international reserves also rose by USD 0.5 billion. The reserves cover 7.2 months of imports and 3.4 times the short-term external debt.