BoP deficit narrows, GIR up as of end-October

By Eireene Jairee Gomez

Nov 19, 2022 12:24 am

THE country's finances improved at the end of October following a balance of payments (BoP) surplus and dollar reserve gains, central bank data released on Friday showed.

A $711-million surplus last month trimmed the year-to-date BoP deficit to $7.1 billion, the Bangko Sentral ng Pilipinas (BSP) said in a statement, while gross international reserves (GIR) also increased to $94 billion from $93 billion.

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