# Philippine reserves fall to four-year low of $97.4 billion

> The Philippines’ gross international reserves declined to $97.4 billion at the end of October, down from $99.5 billion in September and a February 2026 peak of $113.3 billion. The central bank cited foreign-exchange operations, government withdrawals for external debt payments, and lower gold valuations among the factors behind the decline.

- Date: 2026-11-08 · published 2026-11-08T09:11:59.983Z
- Category: macro · region Philippines · magnitude low
- Page: https://feedsoft.ai/events/87343-philippine-reserves-fall-to-four-year-low-of-97-4-billion
- Commodities: [Philippine Peso (PHP per USD)](https://feedsoft.ai/c/USDPHP.md)

## Why it matters

Falling reserves may limit the central bank’s room to manage peso volatility, potentially increasing currency-related costs for imported feed and grain. No direct change to commodity supply or demand is reported.

## Read by commodity

- USDPHP: bullish ▲

## Sources

- tribune.net.ph: https://tribune.net.ph/2026/11/08/philippine-reserves-fall-to-four-year-low-of-974-billion

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.