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Philippines gross int’l reserves level rises to 101.3 bln USD by November

MANILA, Dec. 8 (Xinhua) — The Philippines’ gross international reserves (GIR) rose to 101.3 billion U.S. dollars as of November from the October level of 101 billion dollars, the Philippine central bank has said.

The central bank said on Thursday night that the latest GIR level represented a more than adequate external liquidity buffer equivalent to 7.5 months’ worth of imports of goods and payments of services