snoop1130 Posted July 12, 2021 Share Posted July 12, 2021 FILE PHOTO: A man counts a wad of Philippine Peso bills he received from a relative working abroad at a money remittance center in Makati City, Metro Manila, Philippines September 19, 2018. REUTERS/Eloisa Lopez/File Photo MANILA (Reuters) - A weakening in the Philippine peso is not a concern, with the central bank committed to retain a market-determined foreign exchange rate and an accommodative monetary policy to support the economy, its governor said on Monday. The potential for rate hikes by the U.S. Federal Reserve would also not pose a problem given the Southeast Asian country's ample dollar reserves, Philippines' central bank Governor Benjamin Diokno told ANC news channel. -- © Copyright Reuters 2021-07-12 Link to comment Share on other sites More sharing options...
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