Manila's Arroyo not pushing for currency control

PHILIPPINES - Philippine President Gloria Macapagal Arroyo said on 9 August she was not pushing for currency controls but added: "Never say never."

Arroyo said earlier on 9 August during a visit to Malaysia that it was possible the Philippines might consider imposing capital controls and a fixed exchange rate, though she said it was unlikely.

Asked on her return to the Philippines if she was categorically pushing for currency controls, Arroyo told a news conference in this southern city: "No I'm

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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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