2007-03-04 20:12:45 · 12 answers · asked by jojo j 2 in Travel ➔ Asia Pacific ➔ Philippines
someday when PGMA is no longer in office
2007-03-06 16:29:14 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Base on our present fiscal and economic reforms, Philippine Peso will no longer go back to 55 to a dollar. As a matter of fact Philippine Peso was the strongest currency in Asia on 2005 and 2006 and one of the strongest currencies in the world.
Our peso will be getting stronger and stronger due to the continuous remittances of OFWs and pouring of foreign investments in our country. Surely, it will reach 45 to a dollar level before the end of 2007.
If Gloria Macapagal-Arroyo will be impeached, but that will not happen, the confidence of foreign investors will die away and that will be the cause of the collapse of our peso and that of our economy. The constitutional successor of Macapagal-Arroyo, which is De Castro, is unimpressive and weak leader to the eyes of foreign investors.
Foreign investors are very much concerned as to who is our President. Meaning, if our leader is tough, impressive or brilliant then they will pour investments in our country. But if we elect weak, unimpressive, idiot, chicken, dimwit president on 2010 then don't expect foreign investors to invest in our country.
2007-03-05 05:16:54 · answer #2 · answered by Vincent 2 · 0⤊ 0⤋
Probably after George Bush is out of office.
Bush's foreign Policy caused the U.S. dollar to go down.
It will rise again pending election results.
My statement is not a fact, its only an opinion.
2007-03-05 04:54:12 · answer #3 · answered by Big P 5 · 1⤊ 0⤋
The PHP is gaining strength as Gloria uses the VAT to pay down the debt. Also the USD has lost strength worldwide for a variety of reasons. However, if Pac-Man runs for president and wins, we'll probably see 100PHP=1USD
2007-03-05 15:40:17 · answer #4 · answered by Anonymous · 1⤊ 0⤋
You will have to wait for a crisis to happen. But wishing for that will affect a lot more people than those who earn them. Worse for those who are living in the Philippines as prices will rise.
2007-03-05 04:43:21 · answer #5 · answered by arienne321 4 · 1⤊ 0⤋
is that a good thing for the country. i know its great for the workers who get paid in dollars and people who have dollars accounts in banks but what about the common people.
2007-03-05 10:28:33 · answer #6 · answered by jett 3 · 2⤊ 0⤋
it's probably would go back to 50 after the election...it may take a few years for it to go back to 55.
2007-03-05 08:30:09 · answer #7 · answered by alekcx 1 · 0⤊ 1⤋
I think so; because China did it. When big countries make their economy down, all the countries in Asia will be affected.
2007-03-06 05:37:55 · answer #8 · answered by Anonymous · 0⤊ 0⤋
probabaly after the election but i doubt it wont unless there will be another crisis in our national leadership.
2007-03-05 10:29:47 · answer #9 · answered by Anonymous · 0⤊ 0⤋
Oh I hope so!!! I get paid in dollars (and there's not many of those).
2007-03-05 04:20:04 · answer #10 · answered by luosechi 駱士基 6 · 1⤊ 1⤋