Philippines posts $216 million balance of payment deficit in November

December 20, 2023 - 1:11 PM
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This undated file photo shows one thousand peso bills. (The STAR/Walter Bollozos/File Photo)

 The Philippines‘ overall balance of payments (BOP) position hit a deficit of $216 million in November, down from a deficit of $756 million a year earlier, the central bank said on Tuesday.

The cumulative BOP level for January to November was a $3 billion surplus.

— Reporting by Neil Jerome Morales; Editing by David Goodman