• The country’s balance of payments (BOP) reverted to a deficit position of $740 million in January this year from a surplus of $642 million in December 2023 due to government payments of past foreign currency loans.
• The January BOP is also a reversal of the $3.081-billion surplus recorded in January 2023, based on Bangko Sentral ng Pilipinas (BSP) data.
• The BSP also announced a final gross international reserves (GIR) of $103.269 billion as of end-January, down from December 2023’s $103.753 billion.

https://mb.com.ph/2024/2/20/bop-posts-deficit-in-january