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  • 2 days ago
Bangko Sentral ng Pilipinas (BSP) Governor Eli M. Remolona Jr. said the Philippine peso’s recent fall to its weakest level on record was “misleading,” citing the tremendous strength of the United States (US) dollar against major currencies.

Last Friday, July 24, the peso sank to a fresh record low of ₱61.847 against the greenback, weighed down by escalating import burdens, global energy cost pressures, and persistent demand for foreign currency.

READ MORE: https://mb.com.ph/2026/07/28/misleading-bsp-chief-says-record-low-peso-reflects-strong-us-dollar

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00:02Governor Peso's recent call to record low, is that going to be inflationary?
00:07Are you a record?
00:08What's a record low?
00:1061.47
00:11But that's a misleading number because exchange rates are moving, right?
00:21You're looking only at Peso-Dollar, right?
00:23But the rest of the world, the currencies have been weakening against the U.S. dollar.
00:30So we look at something called the DXY, which is the dollar relative to the euro, the British pound, the
00:41six major currencies, the yen.
00:44And if you look at that index, the dollar was really, really strong last week.
00:53So you won't be able to move your pocket to the top.
00:56All the rest of the world is going to be a diamond.
00:59You'll find your closures.
00:59So here's your Howl.
00:59Cous Olha.
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