It is now recognized globally that a total ban is a valid policy option. It is a distinct possibility that ambiguous or equivocal stance of regulators globally has contributed to the surge in demand and valuation in crypto products in recent years. RBI's caution has perhaps contained the damage in India. 11.
The level also represents 8.7 times the country’s short-term external debt based on original maturity and 5.7 times based on residual maturity. Thanks to receipts from business process outsourcing firms and remittances from overseas Filipinos, we expect GIR levels to remain steady or expand even more. I am cautiously optimistic on the economic prospects of the Philippine economy.