Philippine gross international reserves reached a new record of $79.3 billion last July, boosted by central bank’s foreign exchange transactions and higher gold prices, the Bangko Sentral ng Pilipinas reported Wednesday.

 

The Bangko Sentral said gold holdings comprised $10 billion of the country’s foreign reserves

 

Philippine reserves totaled $76.1 billion in June.

 

Foreign reserves are the sum of all foreign exchange transactions accruing to the Philippines. — VS, GMA News