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BSP ready to defend weakening peso

By Inquirer - 7 months ago
MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) is ready to defend the peso as the local currency sinks to 17-month lows amid a rallying US dollar, its governor said. In a statement on Thursday, BSP Governor Eli Remolona Jr. explained that the recent depreciation of the local unit was more of a case

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