Philippine bank expands dollar hedging facility

PHILIPPINES - The Philippine Central Bank said today, 19 July, its policy- making Monetary Board has approved the expansion of coverage under the currency risk protection program, a hedging facility managed by the monetary authority.

"By providing a hedging mechanism to a greater number of users, such a move is expected to relieve the pressure on the spot market created by market players wanting to frontload their future foreign currency requirements and by borrowers wanting to cover unmatured

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Geoeconomic reserve management

The world order is evolving. Whether, and how, the international economy remains integrated or shifts into spheres of influence has consequences for central bank policy and reserve management.

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