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                    [Title] => RP should let peso fall — analysts
                    [Summary] => The Philippines has little choice but to let its currency slide given the formidable array of domestic and external forces aligned against it, analysts said yesterday. 


And while they agreed it would be futile for the central bank to try to arrest the decline given the limited weapons at its disposal, there were some advantages from a weaker currency. The beleaguered unit slumped again yesterday, sliding to another six-month low of 53.95 to the dollar,  passing the previous low of 53.71 on Monday. The unit has now lost almost six percent of its value since the end of last year. 

                    [DatePublished] => 2001-07-18 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1516122
                    [AuthorName] => Michael Barker
                    [SectionName] => Business
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KEON LEE

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                    [Title] => RP should let peso fall — analysts
                    [Summary] => The Philippines has little choice but to let its currency slide given the formidable array of domestic and external forces aligned against it, analysts said yesterday. 


And while they agreed it would be futile for the central bank to try to arrest the decline given the limited weapons at its disposal, there were some advantages from a weaker currency. The beleaguered unit slumped again yesterday, sliding to another six-month low of 53.95 to the dollar,  passing the previous low of 53.71 on Monday. The unit has now lost almost six percent of its value since the end of last year. 

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                    [AuthorName] => Michael Barker
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RP should let peso fall — analysts

By Michael Barker | July 18, 2001 - 12:00am

The Philippines has little choice but to let its currency slide given the formidable array of domestic and external forces aligned against it, analysts said yesterday. And while they agreed it would be futile for...

Business