Philippines' gross int'l reserves level settles at 104.7 bln USD in June

MANILA, July 6 (Xinhua) -- The Philippines' gross international reserves (GIR) settled at 104.7 billion U.S. dollars at the end of June, down from 105.02 billion dollars at the end of May, according to preliminary data released by the Philippine central bank Friday night.

The Bangko Sentral ng Pilipinas (BSP) said the June GIR level represents a more than adequate external liquidity buffer equivalent to 7.7 mont