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Philippines posts 3.1 bln USD balance of payments surplus in January

MANILA, Feb. 21 (Xinhua) — The Philippines’ overall balance of payments (BOP) posted a 3.1 billion U.S. dollars surplus in January 2023, a reversal from the 102 million dollars deficit recorded in January 2022, the Philippine central bank said on Tuesday.

The Bangko Sentral ng Pilipinas (BSP) said the BOP surplus in January 2023 reflected inflows arising mainly from the national government’s net foreign currenc