Why Does Philippine Peso Depreciate?

0 ⤊

Why Does Philippine Peso Depreciate?

2006-09-11 15:57:32 · 2 answers · asked by Eduardo F 1 in Politics & Government ➔ Government

2 answers

Because of poor government monetary and fiscal policy. The country is losing ground to China in exporting cheap finished goods.

2006-09-13 08:56:47 · answer #1 · answered by Woody 6 · 0⤊ 1⤋

Forbes hailed the philippine peso as best currency, right now its going strong as well as the economy, only being second to singapore in the south east asia area. the investors are more faithful to the country, begining to be more aggresive in the world market, but still lossing investors to china and india

2006-09-14 08:51:38 · answer #2 · answered by pugimee 2 · 0⤊ 0⤋