MANILA — The country’s gross international reserves (GIR) climbed to US$111.1 billion as of end-November 2025, based on preliminary data, providing what authorities described as a strong external liquidity buffer, Bangko Sentral ng Pilipinas (BSP) reported.

At this level, the GIR is equivalent to 7.4 months’ worth of imports of goods and payments for services and primary income. It is also sufficient to cover about 3.8 times the Philippines’ short-term external debt based on residual maturity.

GIR consist of foreign-denominated securities, foreign exchange, and other reserve assets such as gold. These reserves help the country finance imports and foreign debt obligations, stabilize the currency, and cushion the economy against external shocks.