Philippine central bank warns against currency speculation
BSP issues warning after peso touches an all-time low
The Philippine central bank on October 4 warned currency speculators not to “take undue advantage” of the peso, as the currency weakened further against a strong US dollar.
“We ask those who have the means not to take undue advantage of changing market conditions. This does not help the Philippine peso; it does not help the Philippines,” the Central Bank of the Philippines (BSP) said in a statement.
“What we can do is to bring all transactions into an organised and accessible formal market
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