BOP surplus stands at $4.27 B in April 0 SHARES Share it! Share TweetBy Lee C. ChipongianThe country’s balance of payments (BOP) remained in surplus as of end-April at $4.265 billion, an improvement from what was reported same time in 2018 of a $1.497-billion shortfall. The Bangko Sentral ng Pilipinas (BSP) said the four-month surplus was due to the steady remittances and speculative hot money inflows in the first three months of 2019. For the month of April only, the BOP surplus was at $467 million, reversing the $270 million deficit same time last year. The monthly BOP continue to be in surplus also because of the National Government’s (NG) net foreign currency deposits.

Source: Manila Bulletin May 20, 2019 13:52 UTC