Dollar reserves hit $110.9 billion in DecemberBased on preliminary data from the central bank, the latest forex buffer remained higher by 4.3 percent than the $106.26 billion in December 2024, marking its third straight year of increase. After hitting $110.12 billion in 2020, the buffer declined to $108.79 billion in 2021 and $96.15 billion in 2022, before picking up to $103.75 in 2023 and to $106.26 billion in 2024. On a monthly basis, dollar reserves slipped by 0.3 percent from the $111.25 billion in November 2025. Ricafort said the relatively high level of reserves is important amid bouts of volatility in the local foreign exchange market. The BSP expects the country’s dollar reserves to hit $106 billion this year.

Source: Philippine Star January 09, 2026 03:32 UTC