Philippines posts 2.3 bln USD deficit in November
MANILA, Dec. 19 (Xinhua) -- The Philippines' overall balance of payments (BOP) posted a deficit of 2.3 billion U.S. dollars in November 2024, higher than the 216-million-dollar BOP deficit recorded in November 2023, the central bank said Thursday.
The Bangko Sentral ng Pilipinas (BSP) said the BOP deficit reflected the national government's net foreign currency withdrawals from its deposits with the BSP to settl