Philippine President Marcos Outlines Economic Strategy, Cites Futility of Defending Peso

Philippine President Ferdinand Marcos Jr. stated that the country will not exhaust all its reserves to support the peso, which recently dipped to P60 per US dollar, and projected a 6% economic growth rate by 2028.

24 Mar, 22:04 — 24 Mar, 22:04

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Marcos cites futility of spending all foreign reserves to defend peso

MANILA, Philippines — The government will not use all its foreign reserves to defend the Philippine peso, which recently dipped to P60 per US dollar, President Ferdinand R. Marcos Jr. said on Tuesday. In an exclusive interview with Bloomberg News, Marcos said: “I think it would be even futile to try to spend all our

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Philippine President Marcos Outlines Economic Strategy, Cites Futility of Defending Peso

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Marcos cites futility of spending all foreign reserves to defend peso

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