Monthly Archives: December 2016
Peso depreciates against U.S. dollar
By Macon Araneta | FilAm Star Correspondent
The depreciation of the peso against the United States dollar has a double sided impact on the Philippines, Malacanang said.
“The depreciation of the peso, which is a result of the strengthening of the U.S. dollar vis a vis foreign currencies, has double sided impact,” Presidential Communications Office (PCO) Chief Secretary Martin Andanar said.
“It will definitely favor exporters and OFW families who will now have more pes...