Manila, March 19 -- The country's balance of payments position reverted to a surplus of USD3.1 billion in February this year, the highest in five months, the Bangko Sentral ng Pilipinas (BSP) reported Wednesday.

BSP data showed that the surplus last month is a turnaround from the USD196 million deficit same month last year and the highest recorded since the USD3.52 billion surplus in September 2024.

"The BOP surplus reflected the national government's (NG) net foreign currency deposits with the Bangko Sentral ng Pilipinas, which include proceeds from ROP (Republic of the Philippines) Global Bonds, and net income from the BSP's foreign investments," the BSP said.

The BSP, however, noted that end-February 2025 BOP recorded a deficit of U...