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Philippine c.bank sees record $94 bln foreign exchange reserves by end-2020

Published 05/27/2020, 10:16 AM
Updated 05/27/2020, 10:20 AM
© Reuters.

MANILA, May 27 (Reuters) - The Philippine central bank
expects the country's foreign exchange reserves to hit a record
$94 billion by end of 2020, its governor said on Wednesday.
Remittances from millions of Filipinos living and working
overseas could still grow from last year's $30 billion, but at a
slower pace, that should help keep the peso stable, Bangko
Sentral ng Pilipinas Governor Benjamin Diokno said in an online
forum.

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