Philippine Central Bank Allowing Market Forces to Determine FX
The Philippine central bank is allowing the dollar-peso exchange rate to be determined by market forces, confident that the local currency is backed by favorable economic fundamentals including robust remittance...
By Ditas B Lopez · Bloomberg Markets
The Philippine central bank is allowing the dollar-peso exchange rate to be determined by market forces, confident that the local currency is backed by favorable economic fundamentals including robust remittance inflows.