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Business > Top Business
Peso weakness temporary – BSP
By Niña Myka Pauline Arceo
Jun 17, 2024 12:40 am

THE peso's current weakness is expected to be temporary, a Bangko Sentral ng Pilipinas (BSP) official said, and a higher balance of payments (BoP) surplus this year is expected to be a stabilizing factor.

'We believe that this is only temporary... the peso will be largely influenced by the foreign exchange supply and demand,' central bank Senior Assistant Governor Iluminada Sicat said in a briefing on Friday.

Central bank Senior Assistant Governor Iluminada Sicat

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