The country’s gross international reserves rose to $111.1 billion at end-November 2025, up from $109.7 billion in October. Preliminary data from the Bangko Sentral ng Pilipinas (BSP) show the reserves can cover 7.4 months of imports, far above the standard three-month safety benchmark, signaling strong economic resilience.
The reserve level is also 3.8 times larger than the country’s short-term foreign debt due within the next year, providing a solid buffer against external shocks.
Foreign reserves—made up of foreign securities, foreign currency holdings, and gold—help the country pay for imports, manage foreign debt, stabilize the peso, and weather global financial volatility.
Historically, the reserves have averaged US$23.6 billion since 1960, peaking at US$112.7 billion in September 2024 and hitting a low of US$44 million in 1961.
