Presidential Communications Operations Office



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PIA Press Release
2006/10/16

Jan-Sept BOP surplus hits $2.62-B on surge in remittances

Quezon City (16 October) -- THE Philippine central bank said the country had a balance of payments surplus (BOP) of $2.62 billion for the first nine months of 2006.

The central bank said the surplus was due to double digit growth in overseas remittances, a narrowing trade deficit, foreign investment, and the central bank's investment income. (PIA) [top]

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