Friday 22 June 2018
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4 months ago

Dollar outflows from PH unabated in January

Hard currency continued to flow out of the country in the first month of the year due in part to the central bank s efforts to smoothen out volatility in the peso and the government s payments of its foreign loans. As such, the country s overall balance of payments position in January 2018 posted a deficit of $531 million, higher than the $9 million deficit record in the same month last year, the Bangko Sentral ng Pilipinas saidon Monday. The January level stands at already half of the central bank

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