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Philippines: BoP reverts to surplus in Sept

  • Oct 20, 2017

THE country’s balance of payments (BoP) position reverted to a surplus of $24 million in September from a deficit of $7 million in August, the Bangko Sentral ng Pilipinas (BSP) reported on Friday.

However, the surplus last month was much lower than the $117-million surplus recorded a year earlier.

“The modest BoP surplus derived directly from the BSP’s foreign exchange investment income from abroad but moderated by NG [national government] debt servicing requirements,” BSP Deputy Governor Diwa Guinigundo said.

Source: http://www.manilatimes.net/bop-reverts-surplus-sept/357629/