MANILA, Philippines — The country’ gross international reserves (GIR) rose slightly in June 2025, driven mainly by foreign currency deposits from the national government and investment income from the Bangko Sentral ng Pilipinas (BSP), according to preliminary BSP data released.

GIR stood at US$105.3 billion by the end of June, up from US$105.2 billion in May. The GIR is a key measure of the country’s ability to weather external shocks, support the peso, and meet foreign payment obligations.

The central bank said the current GIR level is equivalent to:

7.2 months’ worth of imports of goods and payments of services and primary income, and

3.3 times the country’s short-term external debt based on residual maturity.

GIR consists of foreign exchange, foreign investments, gold reserves, and other reserve assets.

Net international reserves—defined as the difference between the BSP’s total reserve assets and reserve-related liabilities—also rose to US$105.3 billion, from US$105.0 billion the month prior.

The BSP said the latest GIR level reflects a strong external liquidity position, providing the country with a robust buffer against global economic headwinds.