The monthly average peso-dollar exchange rate went up to 42.0452 in August from 41.9054 in July. Preliminary data showed that the country`s gross international reserves (GIR) reached US$80.8 billion as of end-August 2012, higher by US$1.0 billion than the end-July 2012 GIR of US$79.8 billion. (Bangko Sentral ng Pilipinas)

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