Peso ‘highly unlikely’ to hit P58:$1

Peso ‘highly unlikely’ to hit P58:$1 – Diokno

By The Manila Times

Sep 20, 2018 12:28 am

The peso is unlikely to post a record drop next year, a Cabinet official said on Wednesday, rejecting a research firm’s claim that the currency, which fell to a near 13-year low of P54.13 last week, could plunge to P58:$1 by the end of 2019 given pressures from a widening trade deficit and the government’s “Build Build Build” program.

Budget Secretary Benjamin Diokno. PHOTO BY ROGER RANADA

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