Philippines posts $756 million balance of payments deficit in November

December 20, 2022 - 12:07 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 $756 million in November, compared with the $123 million deficit recorded in the same month last year, the central bank said on Monday.

Cumulative BOP deficit for January to November was $7.9 billion, a reversal from the $353 million surplus recorded in the same period a year ago, it said in a statement.

—by Enrico Dela Cruz