The Central Bank of the Philippines (Bangko Sentral ng Pilipinas, BSP) published preliminary data showing the country’s gross international reserves increased to USD 105.5 billion as of end-May 2025 from USD 105.3 billion at end-April 2025. The reserves level was equivalent to 7.3 months of imports of goods and payments of services and primary income and covered about 3.7 times short-term external debt on a residual maturity basis. The month-on-month rise mainly reflected valuation gains on the BSP’s gold holdings from higher international gold prices, net income from the BSP’s investments abroad, and the national government’s net foreign currency deposits with the BSP. Net international reserves increased by USD 0.08 billion to USD 105.34 billion at end-May 2025 from USD 105.26 billion at end-April 2025.
Central Bank of the Philippines 2025-06-06
Central Bank of the Philippines reports gross international reserves rose to USD 105.5 billion at end-May 2025
The Central Bank of the Philippines reported an increase in gross international reserves to USD 105.5 billion as of end-May 2025, up from USD 105.3 billion in April. This rise was driven by valuation gains on gold holdings, net income from investments, and government foreign currency deposits. The reserves cover 7.3 months of imports and 3.7 times short-term external debt.