BSP Governor Warns Against Artificial Peso Peg at P60 to Dollar

Bangko Sentral ng Pilipinas Governor Eli Remolona Jr. stated that forcing the peso below P60 against the US dollar would risk depleting the country's foreign exchange reserves.

27 Aug, 07:02 — 27 Aug, 07:02

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inquirerMostly Factual3d ago

BSP: Peso can’t be fixed at P60 vs the dollar

MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) cannot simply force the peso back below P60 against the US dollar without risking the depletion of the country’s foreign exchange reserves, BSP Governor Eli Remolona Jr. said Thursday. Citing the peso’s current value of around P61.72 to the dollar, Sen. Erwin Tulfo asked the BSP

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BSP Governor Warns Against Artificial Peso Peg at P60 to Dollar

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BSP: Peso can’t be fixed at P60 vs the dollar

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