Philippines Balance of Payments at $429 Million Deficit in February 2018
Manila | 19th March 2018
The country’s overall balance of payments (BOP) position in February 2018 posted a deficit of US$429 million, albeit slightly lower than the US$436 million deficit recorded in the same month last year.
” PHILIPPINES BALANCE OF PAYMENTS IN february 2018 AT $429 MILLION DEFICIT “
Outflows in February 2018 stemmed mainly from foreign exchange operations of the BSP and payments made by the National Government (NG) for its maturing foreign exchange obligations. These were partially offset, however, by net foreign currency deposits of the NG and income from the BSP’s investments abroad during the month..
Source: Bangko Sentral ng Pilipinas
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