The Balance of Payments (BOP) of the Philippines recovered to 1.041 billion U.S. dollars in surplus in February, growing on the back of strong foreign exchange inflows, the central bank said Monday.
According to Bangko Sentral ng Pilipinas data, the BOP surplus in February was significantly higher than the 554 million dollars surplus recorded in the same month last year.
The central bank said foreign exchange inflows from remittances, exports and foreign portfolio investments strengthened during the period.
Source:Xinhua
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