$682-Million Balance of Payment Surplus Recorded in August

The balance of payments (BOP) surplus hit a five-month high of $682 million in August, reversing the $450 million deficit recorded in the same month last year. This was due to the foreign exchange operations of the central bank, as well as the foreign currency deposits of the national government. For the year, the surplus is $1.53 billion, 3.6 percent lower than the $1.59 billion surplus recorded in the same period last year…

Subscribe via email for complete access to Supreme Consult’s weekly report on political and investment risks in the Philippines.