The country`s total foreign debt stands at US$75.3 billion as of March 2015. As shown in the figure below, external debt has been declining since 2012. Source: Bangko Sentral ng Pilipinas (BSP)
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The country’s gross international reserves (GIR) rose to US$80.8 billion in the end of June 2015. There was an increment of US$0.4 billion from end of May this year. Source: Bangko Sentral ng Pilipinas (BSP)
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The average peso-dollar exchange rate further went up to 44.9831 in June, from 44.6106 in May. This is higher compared to that the same period last year at 43.467. Noticeably, this is the highest monthly average rate registered since September 2010 Source: Bangko Sentral ng Pilipinas (BSP)
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