
Why the Philippines is Selling their Gold Reserves
2025年3月1日 · When the BSP sells gold, it receives U.S. dollars, which are then added to the Philippines’ gross international reserves. As of January 2025, these reserves stand at approximately $103 billion. This amount is substantial, representing an external liquidity buffer equivalent to 7.5 months’ worth of imports of goods and payments for services ...
BSP defends sale of gold reserves - Inquirer.net
2024年9月26日 · MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) justified its move to sell some of the country’s gold holdings, saying it only took advantage of high market prices to allow for a healthy buffer against external shocks.
PH sold 24.9 tonnes of gold in H1 2024; part of strategy, says BSP
2024年9月24日 · The Bangko Sentral ng Pilipinas (BSP) on Monday defended the sale of its gold holdings in the first half of the year, saying this is part of its “active management strategy” of the country’s gold reserves. “The BSP took advantage of the higher prices of gold in the market and generated additional income without compromising the primary ...
BSP says it is exclusively in charge of gold reserves
2025年2月24日 · The Bangko Sentral ng Pilipinas (BSP) said Monday it exclusively manages the country’s gross international reserves (GIR), including gold, to ensure the stability and convertibility of the peso and meet potential foreign currency demands.
Imee Marcos hits BSP decision to sell gold reserves
2024年11月6日 · Senator Imee Marcos on Wednesday grilled the administration's economic managers over the Bangko Sentral ng Pilipinas' (BSP) decision to sell 24.95 tonnes of gold in the first half of 2024. Marcos said this is contrary to what other countries doing, which is …
BSP Statement on Philippines Selling the Most Gold in the World
2024年9月25日 · While the country was found to have sold the most gold in the first six months of 2024 according to the World Gold Council, the BSP said the country’s GIR or Gross International Reserves, which partly includes the country’s gold reserves “has remained robust, with the end-August 2024 figure rising to $107.9 billion from $103.8 billion as ...
Philippines is Top Gold Seller in First Six Months of 2024
2024年9月23日 · In 2023 and 2022, the company sold 12,865 ounces and 9,453 ounces of gold to the BSP, respectively. This is equivalent to 26.8 percent and 27.89 percent of its total gold production for the covered year, exceeding the 25 percent minimum requirement of the FTAA (Financial or Technical Assistance Agreement).
BSP chief defends gold sale amid rising prices | Philstar.com
2025年3月12日 · The BSP earlier refuted allegations that President Marcos is stealing and selling the country’s gold reserves, saying that all transactions involving gold are part of standard central banking ...
BSP: gold reserves only for forex need - BusinessMirror
2025年2月24日 · THE Bangko Sentral ng Pilipinas (BSP) maintained that the country’s gross international reserves (GIR), including gold, are not used for purposes other than meeting the country’s foreign ...
Selling the most gold? BSP clarifies gold sales | ABS-CBN News
2024年9月24日 · MANILA - The Bangko Sentral ng Pilipinas (BSP) on Tuesday confirmed that it sold gold during the first half of the year, following a report that said the country's central bank was the largest seller of the precious metal during the period.