MANILA — The Philippines’ Gross International Reserves (GIR) reached an all-time high of US$112.7 billion as of the end of February 2026, preliminary data show.

This level provides a strong external liquidity buffer, equivalent to 7.5 months of imports of goods and payments for services and primary income, and covers about 4.2 times the country’s short-term external debt based on residual maturity.

GIR comprises foreign‑denominated securities, foreign exchange, and other reserve assets, including gold. These reserves act as a safeguard against external economic shocks, allowing the country to meet import requirements, service foreign debt obligations, and stabilize the Philippine peso.

This milestone reflects continued resilience in the country’s external position amid global economic uncertainties.