MANILA – The Philippines’ gross international reserves (GIR) rose in August 2025, buoyed by higher global gold prices and income from the Bangko Sentral ng Pilipinas’ (BSP) investments.

Preliminary data from the BSP showed GIR increasing to US$105.9 billion as of end-August from US$105.4 billion the previous month.

GIR consists of foreign-denominated securities, foreign exchange, gold, and other reserve assets. It helps a country settle imports and foreign debt obligations, stabilize its currency, and cushion the economy from external shocks.

The BSP said the current GIR level provides a “robust external liquidity buffer,” equivalent to 7.2 months’ worth of imports of goods and payments of services and primary income. It also covers about 3.4 times the country’s short-term external debt based on residual maturity.

Similarly, the Philippines’ net international reserves—the difference between the BSP’s reserve assets and liabilities—rose by US$0.5 billion, reaching US$105.9 billion at the end of August from US$105.4 billion in July.