PH LEVEL Foreign Financial Debt Up In Q1

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THE STATE’S outstanding exterior debt rose to $77. 6 billion as of end-March, higher than the degrees in the previous yr and the earlier quarter, to some extent due to a weakened dollar, Bangko Sentral ng Pilipinas info showed.

Within a statement, BSP Governor Amando M. Tetangco Jr. mentioned on Saturday of which foreign commitments at the end of the very first quarter inched up zero. 2 % from $77. 5 billion dollars as of the final of 2015.

“The increase was caused by foreign exchange revaluation adjustments well worth $814 million as the US dollar destabilized, particularly against the Japanese yen; and the prior periods’ modifications and elevated investments in Filipino debt paper by non-resident investors really worth $833 , 000, 000, ” Tetangco said.

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