Tuesday, May 15, 2007

Tetangco: Do not worry about peso strength

Tetangco tells exporters not to worry about peso strength

Exporters need not worry too much about the effects of a strengthening peso on their earnings, said Governor Amando Tetangco Jr. of the central bank, Bangko Sentral ng Pilipinas (BSP), noting that other major Asian currencies have also been appreciating against the dollar this year.   (Inquirer)

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