Overall BOP position posts deficit

THE country’s overall balance of payments (BOP) position in January posted a deficit of $531 million, higher than the $9 million deficit record in the same month last year.

Outflows in January stemmed mainly from foreign exchange operations of the BSP and payments made by the national government (NG) for its maturing foreign exchange obligations.

These were offset by net foreign currency deposits of the NG and income from the BSP’s investments abroad during the month in review. (PR)
style="display:block; text-align:center;"


SunStar website welcomes friendly debate, but comments posted on this site do not necessarily reflect the views of the SunStar management and its affiliates. SunStar reserves the right to delete, reproduce or modify comments posted here without notice. Posts that are inappropriate will automatically be deleted.

Forum rules:

Do not use obscenity. Some words have been banned. Stick to the topic. Do not veer away from the discussion. Be coherent. Do not shout or use CAPITAL LETTERS!