MANILA, June 11 (Xinhua): The Philippines' gross international reserves (GIR) level dipped to US$106.98 billion at the end of May from US$107.71 billion a month earlier, the Philippine central bank said on Friday.
"The latest GIR level represents a more than adequate external liquidity buffer equivalent to 12.2 months' worth of imports of goods and payments of services and primary income," the Bangko Sentral ng Pilipinas (BSP) said in a statement.
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