Philippines posts $2.3B balance of payment deficit in Nov
Bangko Sentral ng Pilipinas (File photo / Philippine Daily Inquirer)
MANILA, Philippines — The Philippines’ overall balance of payments (BOP) position was a deficit of $2.3 billion in November, the Bangko ng Sentral ng Pilipinas said on Thursday.
It is wider than the $724 million deficit in the previous month.
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The cumulative BOP level for January to November was a $2.1 billion surplus, lower than the $3.0 billion surplus recorded in the same period last year.
READ: BOP swung to $724-M deficit in October, highest in 9 months
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