BOP posts $5.7-B surplus in October

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The Bangko Sentral ng Pilipinas (BSP) reported a $5.73 billion balance of payments (BOP) surplus as of end-October, citing healthy foreign fund and remittance inflows during the period.

Compared to same time in 2018, the January-October BOP surplus was a reversal of the $5.59 billion deficit last year.

Based on central bank data, for the month of October only, the BOP was in excess of $163 million, up from September’s $38 million, and reversing October 2018’s $458 million shortfall. The BSP also reported that as of end-October, the country’s gross international reserves totaled $85.83 billion which was the final GIR figure.

 

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