00:00The value of the Peso against the Dollar soared again. Yesterday, the exchange closed at Php 58.79 per Dollar.
00:08This is the lowest value of the Peso in the past 17 months or since November 3, 2022.
00:17The Central Bank of the Philippines said that this is just temporary.
00:21Some of those affected by the decrease in the value of the Peso is the decision of the U.S. Federal Reserve
00:27to not lower the interest rates.
00:30It is good news for the families of OFWs to lower the Peso because the value of their remittance will increase.
00:37But it is possible that this will lead to a high price for imported products.
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