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15 cze 2018 · The exchange rate was about P26-27 to the dollar. Economists lamented how the Bangko Sentral ng Pilipinas (BSP) was managing the level of the exchange rate by influencing dollar supply and demand with monetary policy (i.e., interest rate and money supply tools), overvaluing the peso as it did.
13 kwi 2023 · The devaluation of the Philippine peso is a story that goes back to World War II. After the war, the Philippines welcomed an injection of foreign capital which sparked a period of economic growth and stability; however, this economic boom was short-lived as its currency quickly lost value.
The rate for the peso in Hong Kong and other free markets in the early 1950's also indicated that a new rate of 3 to 4 pesos to the dollar would have been more realistic. However, the Philippine authorities elected to retain the prewar rate of 2 pesos to the dollar, a rate that had prevailed since 1903.2.
During the American colonial period (1901–1946), the country saw significant economic reforms and infrastructure improvements, while the Philippine peso was pegged to the US dollar, facilitating trade and investment.
20 sty 2009 · What we have here is a chart showing the historical exchange rate of the Philippine Peso against the US Dollar from 1950 to 2009. ( Data from 1950 to 1997 from Penn World Tables ; Data from 1997 onwards from Oanda , using exchange rates on January 1 of each year )
Filipino should know about the history of Philippine money” Opening remarks by Mr Benjamin E Diokno, Governor of Bangko Sentral ng Pilipinas (BSP, the central bank of the Philippines), at the Virtual Numismatic Event, 11 November 2021.
With the rise in the current account deficit the country’s foreign debt grew rapidly, nearly tripling between 1974 and 1978 (table 8.2). The public sector did most of the borrowing, and held over 70 percent of the foreign debt of the nonbanking sector by the end of the decade.
