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                    [ArticleID] => 320731
                    [Title] => BSP won’t take steps to curb peso’s climb
                    [Summary] => The Bangko Sentral ng Pilipinas (BSP) said it would not take any action to curb the appreciation of the peso  against the dollar despite warnings from the private sector that the current strengthening of the local currency is causing harm to exporters.


The peso has been on a steady rise since the beginning of the year,  sending the exchange rate to its highest level in three years due to  strong dollar inflows from portfolio investments, overseas Filipino workers remittances and export earnings.


                    [DatePublished] => 2006-02-09 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096655
                    [AuthorName] =>  Des  Ferriols
                    [SectionName] => Business
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VICENS

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                    [Title] => BSP won’t take steps to curb peso’s climb
                    [Summary] => The Bangko Sentral ng Pilipinas (BSP) said it would not take any action to curb the appreciation of the peso  against the dollar despite warnings from the private sector that the current strengthening of the local currency is causing harm to exporters.


The peso has been on a steady rise since the beginning of the year,  sending the exchange rate to its highest level in three years due to  strong dollar inflows from portfolio investments, overseas Filipino workers remittances and export earnings.


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abtest

BSP won’t take steps to curb peso’s climb

By Des Ferriols | February 9, 2006 - 12:00am

The Bangko Sentral ng Pilipinas (BSP) said it would not take any action to curb the appreciation of the peso against the dollar despite warnings from the private sector that the current strengthening of the local...

Business