Philippines' gross int'l reserves level settles at 101.51 bln USD in April

MANILA, May 5 (Xinhua) -- The Philippines' gross international reserves (GIR) level settled at 101.51 billion U.S. dollars as of end-April, according to the preliminary data released by the Philippine central bank on Friday.

The Bangko Sentral ng Pilipinas (BSP) said the latest GIR level represents a more than adequate external liquidity buffer equivalent to 7.6 months' worth of imports of goods and payments of