Philippines posts $740 million deficit in January

February 20, 2024 - 10:22 AM
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1000 cash
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 $740 million deficit in January from a surplus of $642 million in December, the central bank said on Monday.

The Philippine central bank has a $400 million BOP surplus forecast for 2024.

— Reporting by Mikhail Flores; Editing by Martin Petty