• Terms and Conditions
  • Privacy Policy
  • DMCA
  • Disclaimer
  • Cookie Privacy Policy
  • Contact Us
Sixsense News
Advertisement
  • Home
  • Business
  • Economy
  • Fintech
  • Finance
  • Insurance
  • Market
  • Startups
No Result
View All Result
  • Home
  • Business
  • Economy
  • Fintech
  • Finance
  • Insurance
  • Market
  • Startups
No Result
View All Result
Sixsense News
No Result
View All Result
Home Economy

Philippine central bank says ready to manage market disruption as peso slumps By Reuters

Reuters by Reuters
October 4, 2022
in Economy
0

Related articles

Britain’s first official supervised drug-injection site approved By Reuters

September 27, 2023

Foreign Bodies: Pandemics, Vaccines and the Health of Nations

September 27, 2023


© Reuters. FILE PHOTO: A security guard stands beside a logo of the Bangko Sentral ng Pilipinas (Central Bank of the Philippines) posted at the main gate in Manila, Philippines April 28, 2016. The Philippine central bank has foiled attempts to hack its website, its

MANILA (Reuters) – The Philippine central bank said on Tuesday it was taking steps to manage any disruption in the financial market, and urged participants not to take advantage of a peso currency hovering at record lows against the dollar.

The peso closed at a record 59 to the greenback on Monday, taking its year-to-date decline to 13%, the most in Southeast Asia.

Policymakers have attributed the decline mainly to the dollar’s strength.

“We ask those who have the means not to take undue advantage of changing market conditions,” the Bangko Sentral ng Pilipinas said in a statement.

“This does not help the Philippine peso; it does not help the Philippines. What we can do is to bring all transactions into an organised and accessible formal market that offers consumer protection.”



Source link

Tags: BankcentraldisruptionmanagemarketpesoPhilippineReadyReutersslumps

Related Posts

Britain’s first official supervised drug-injection site approved By Reuters

by Reuters
September 27, 2023
0

By Andrew MacAskill LONDON (Reuters) - Britain's first official supervised drug consumption room was approved on Wednesday to reduce infectious...

Foreign Bodies: Pandemics, Vaccines and the Health of Nations

by Yves Smith
September 27, 2023
0

Yves here. KLG reviews the recent Simon Schama book, Foreign Bodies: Pandemics, Vaccines and the Health of Nations. While he...

Markets catch breath after bruising recoil By Reuters

by Reuters
September 27, 2023
0

© Reuters. FILE PHOTO: The U.S. Federal Reserve building in Washington, D.C./File Photo A look at the day ahead in...

U.S. is weaker now than when we downgraded in 2011

by Sixsense News
September 27, 2023
0

Washington, D.C. - March 17, 2023: President Joe Biden and House Speaker Kevin McCarthy speak outside the Annual Friends of...

FCC Chair Confirms Plan to Reinstate Net Neutrality Rules Eviscerated Under Trump

by Yves Smith
September 27, 2023
0

Yves here. For the technically-minded, below is a slightly more detailed discussion of FCC internet service provider designation that the...

Load More

indian bank shares: Breakout Stocks: How HUDCO, Thermax and Indian Bank are looking on charts for Thursday’s trade

September 27, 2023

Britain’s first official supervised drug-injection site approved By Reuters

September 27, 2023

Firmer Bonds And Stocks, But The Dollar Presses Ahead

September 27, 2023

Sorry, You Need the “Tech” in Your Tech Startups | by Daniel Kang | Sep, 2023

September 27, 2023

Arnon, Tadmor-Levy leases 3 more floors in Azrieli Center

September 27, 2023

UK Fintech News Roundup: The Latest Stories 27/09

September 27, 2023
Sixsense News

© 2022 Sixsense News All Rights Reserved.

Navigate Site

  • Terms and Conditions
  • Privacy Policy
  • DMCA
  • Disclaimer
  • Cookie Privacy Policy
  • Contact Us

Follow Us

No Result
View All Result
  • #3158 (no title)
  • Business
  • Economy
  • Finance
  • Fintech
  • Insurance
  • Market
  • Startups

© 2022 Sixsense News All Rights Reserved.