Philippine dollar reserves fall to near four-year low in October
All four outlets reported that the Philippines' gross international reserves declined in October, reaching their lowest level in nearly four years, amid pressure on the peso.
Drafted with AI from these 4 reports, checked and approved by a Parley editor. Approved 9 Nov, 9:09 AM.
What each outlet reported
Daily Tribune reported that gross international reserves fell to $97.4 billion at the end of October from $99.5 billion in September, their lowest level in four years.
Read Daily Tribune's report →Philstar reported that dollar reserves fell further to $97.4 billion in October, weighed down by foreign exchange operations, declining gold prices and government withdrawals amid pressure on the peso.
Read Philstar's report →Inquirer reported that foreign exchange reserves dropped to a near four-year low in October, extending their annual slide amid pressures from the peso's weakness and foreign debt payments.
Read Inquirer's report →The Manila Times reported that gross international reserves further dropped to below $100 billion in October, at $97.35 billion, amid efforts to smoothen peso volatility.
Read The Manila Times's report →