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Philippines posts balance of payments surplus in December 2022

January 19, 2023By Reuters

The Philippines posted a balance of payments (BOP) surplus of $612 million for December, compared with a $991 million surplus recorded in the same month in 2021, the central bank said on Thursday.

That brought the full-year 2022 BOP deficit to $7.3 billion, a reversal from the $1.3 billion surplus recorded in 2021, it said in a statement.

(Reporting by Enrico Dela Cruz)

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