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Philippines posts 612 mln USD balance of payments surplus in December

MANILA, Jan. 19 (Xinhua) — The Philippines’ overall balance of payments (BOP) posted a surplus of 612 million U.S. dollars in December 2022, lower than the 991 million dollars recorded a year earlier, the Philippine central bank said on Thursday.

The Bangko Sentral ng Pilipinas (BSP) said the BOP surplus in December reflected inflows arising mainly from the BSP’s net foreign exchange operations and net income f