The Peso will Depreciate
MANILA, Philippines – In an Economic Forum sponsored by Security Bank for its clients last October 22, I had the temerity to make the fearless forecast that the peso-dollar exchange rate at the end of this year will be closer to P45 to P46 than to P40 to P41. I expressed this minority opinion in the presence of Central Bank Governor Amando M. Tetangco, Jr., who was his usual prudent and non …
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MANILA, Philippines – In an Economic Forum sponsored by Security Bank for its clients last October 22, I had the temerity to make the fearless forecast that the peso-dollar exchange rate at the end of this year will be closer to P45 to P46 than to P40 to P41. I expressed this minority opinion in the presence of Central Bank Governor Amando M. Tetangco, Jr., who was his usual prudent and non …
Read more on Manila Bulletin via Yahoo! Philippines News