Forex reserves hit record $69B in June

(Inquirer.net)- Philippine’s foreign exchange reserves hit a new record in June, moving closer to the $70-billion mark, as remittances and “hot money” remained robust. Data from the Bangko Sentral ng Pilipinas showed that the country’s gross international reserves (GIR) stood at $68.997 billion as of end-June, up by 42 percent from $48.704 billion posted in the same period last year. More Forex news…