bop deficit

Credit to Author: Mayvelin U. Caraballo, TMT| Date: Thu, 20 Feb 2020 17:33:06 +0000

THE Philippines’ balance of payments (BoP) reverted to a 16-month high deficit of $1.35 billion in the first month of the year, which the Bangko Sentral ng Pilipinas (BSP) attributed to foreign currency withdrawals. Central bank data showed that the amount was a turnaround of the $2.70-billion and $1.57-billion surplus recorded in January and December […]