BOP Posts Deficit in March

The country’s balance of payments position swung to a deficit in March after three consecutive months of being in surplus, the Bangko Sentral ng Pilipinas (BSP) said.

The BOP deficit amounted to $244 million in March, narrower than the $340-million deficit in the same month last year. However, the latest figure is a reversal of the $985-million surplus in February.

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Source: The Philippine Star

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