BOP swings back to $3.7-B surplus in Q3

The country’s balance of payments (BOP) position swung back to a surplus of $3.7 billion in the third quarter of the year, reversing a $524-million deficit from a year ago. “The significant increase in net inflows in the financial account led to a reversal to BOP surplus,” the Bangko Sentral ng Pilipinas (BSP) said in
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