BOP swung to $724-M deficit in October, highest in 9 months

Foreign currency withdrawals made by the government to pay for its offshore debts and spending needs flipped the Philippines’ dollar position back to a deficit in October, with the gap being the largest in nine months, the Bangko Sentral ng Pilipinas (BSP) reported. This, while BSP Governor Eli Remolona Jr. said the central bank is
Read The Rest at :