BOP surplus hits $1.5 billion in January-July, down 46.7%

Quick Summary:

THE narrowing trade-in-goods deficit and net inflows in remittances were among the reasons for the Balance of Payments (BOP) surplus in July, according to the Bangko Sentral ng Pilipinas (BSP).

BOP surplus hits $1.5 billion in January-July, down 46.BOP surplus hits $1.5 billion in January-July, down 46.

The BOP position reflects an increase in the final GIR level to $106.7 billion as of end-July 2024 from $105.2 billion as of end-June 2024.

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Author / Journalist: Cai U. Ordinario

Category: BusinessStartups

Markets: Philippines

Topics: July Deficit Data Maturity Surplus Foreign External 2024 Billion Debt Payments

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-19 @ 16:09:00 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 580 words

Reading Time: 4 minutes read

Sentences: 18 lines

Sentence Length: 33 words per sentence (average)

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Copyright Owner: © Business Mirror

News ID: 22146564

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