BSP steps in to prop up peso

By

-

2 weeks ago

MANILA, Philippines — The Bangko Sentral ng Pilipinas has been dipping into the country’s dollar reserves “in small amounts” to temper the volatility in the foreign exchange market and prop up the weakening peso. “We were active in small amounts—not to affect the value but to maintain orderly markets,” BSP Governor Eli Remolona Jr. told Read The Rest at :

Inquirer

Topics:

steps

Disclaimer : Mymoneytimes implements extreme caution and care in collecting data before publication. Mymoneytimes does not liable for the adequacy, accuracy or completeness of any given information. Hence we are not liable for any kind of direct or indirect loss caused by the use of such information.