BoP hits surplus, GIR rises in March

Apr 20, 2023 12:31 am

THE country's balance of payments (BoP) position hit a surplus of $1.3 billion in March, the Bangko Sentral ng Pilipinas (BSP) reported on Wednesday, rebounding from February's $895-million deficit and also higher than the $754-million surplus seen a year earlier.

The surplus was said to be mainly due to net foreign currency loans deposited by the national government (NG) with the BSP and income from the central bank's investments abroad.

Bangko Sentral ng Pilipinas

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