By Luisa Maria Jacinta C. Jocson, Reporter
THE COUNTRY’S balance of payments (BoP) position swung to a surplus in July, data from the Bangko Sentral ng Pilipinas (BSP) showed.
The $62-million surplus was a turnaround from the $53-million deficit a year ago and the $155-million deficit in June.
“The BoP surplus in July 2024 reflected inflows mainly from the net income from the BSP investments abroad and the National Government’s (NG) net foreign currency deposits with the BSP,” the central bank said in a statement.
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