The country’s overall balance of payments (BOP) has posted a surplus of $1.3 billion in March 2023, higher than the $754-million surplus recorded in the same month last year, data from the central bank showed on Wednesday. Know more:
THE country’s overall balance of payments has posted a surplus of $1.3 billion in March 2023, higher than the $754-million surplus recorded in the same month last year, data from the central bank showed on Wednesday.
The BSP said the surplus in March brought the current year-to-date BOP level to $3.5-billion surplus, markedly higher than the $495-million surplus recorded in the same period a year ago. Moreover, the BSP data also showed the gross international reserves level has increased to $101.5 billion as of end-March 2023 from $98.2 billion as of end-February 2023.
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