BoP reverses to surplus; GIR up in July

Aug 20, 2024 12:33 am

THE country's balance of payments (BoP) swung to a surplus in July, a reversal from the deficit recorded a month and a year earlier, the Bangko Sentral ng Pilipinas (BSP) reported on Monday.

Meanwhile, the country's gross international reserves (GIR) increased to $106.7 billion as of end-July from $105.2 billion a month earlier.

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