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First time this year: BOP swings to surplus

By Inquirer - 4 weeks ago
MANILA — The Philippines recorded its first dollar surplus this year in March on the back of inflows from the national government’s new foreign currency deposits with the Bangko Sentral ng Pilipinas (BSP) and earnings of the central bank from its investments abroad. The overall balance of payments (BOP) position posted a surplus of $1.2

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