December 7, 2022

Filipino Guardian

Sentinels of Filipino Free Press

Balance of payments in October with a surplus of USD 711 million

1 min read

GIORGIO TROVATO UNSPLASH

The Philippines’ total balance of payments (BoP) ran a surplus of $711 million in October, down from the $1.1 billion surplus recorded in the same month last year, the central bank said on Friday.

The October BoP surplus reduced the January-October cumulative BOP deficit to $7.1 billion from a deficit of $7.8 billion in the first three quarters of the year, it said in a statement. – Reuters

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