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(MENAFN) On Friday, September 18, the Philippine central bank declared that the Philippines’ exceptional external debt stood at US $ 87.5 billion at the end of June, an increase of approximately US $ 6 billion or 7.4% from starting at $ 81.4 billion. US dollar level at the end of March.
Benjamin Governor Diokno Bangko Sentral ng Pilipinas (BSP) stated that the increase in the debt stock during the second quarter was due to a net malaise of US $ 2.9 billion, mainly because the government withdrew US $ 2.4 billion from of the broadcast. of global bonds and $ 3.1 billion from mutual and polygonal creditors to fund your general financial compulsions and programs or schemes in response to the Coronavirus pandemic.
Diokno stated that the additional increases in the level of debt were due to changes in previous periods of 2.1 billion US dollars; increase in non-resident assets in foreign-issued Philippine debt securities of US $ 839 million; and a positive exchange rate appreciation of US $ 227 million, as the US dollar declined against other currencies, counting the Philippine peso.
Diokno declared annually that the country’s debt increased by US $ 6.2 billion.
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