BOP back to surplus in first eight months

By Lisbet K. Esmael

Sep 20, 2019 1:21 am

MONEY sent home by overseas Filipinos helped the Philippines’ payment position swing back to surplus in the first eight months of 2019.

In a statement on Thursday, the Bangko Sentral ng Pilipinas (BSP) said the country’s overall balance of payments (BOP) position posted a $5.53-billion surplus in January-to-August, compared to the $2.44-billion deficit in the same period last year.

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