peso - updates

Rappler's latest stories on peso

ARTICLE FINDER

FALSE: Forex at P1.50 to P2 per dollar during Marcos years

Sep 17, 2019 - 2:59 PM

Official data shows the peso-dollar exchange rate was already at P3 in 1965, and it further depreciated throughout Marcos’ term

Bangko Sentral to create P20 coin

Jul 17, 2019 - 6:45 PM

(UPDATED) A study finds that Filipinos frequently use P20 bills, leading to the banknote's wear and tear. A coin version will extend its life span.


WATCH: This yuppie sets out to do the "3 malls, P3000 challenge"

Jan 08, 2019 - 2:03 PM

Ortigas dweller Claudine San Diego sets out to see if she can get her to-do list done without leaving the Ortigas area

Companies hiring PWDs to join Makati job fair

Nov 05, 2018 - 3:55 PM

Mayor Abigail Binay says even non-residents of Makati can come to the job fair on November 9

Philippines, China launch peso-yuan trading facility

Oct 30, 2018 - 8:05 PM

Finance Secretary Carlos Dominguez III says this reduces the cost of doing business for Chinese and Filipino businessmen

FASTER CONVERSION. The peso-yuan trading facility hastens the exchange of the two currencies. Shutterstock photo

Philippine peso, stocks sink further

Sep 26, 2018 - 6:20 PM

The Philippine peso and the local bourse sink further on Wednesday, September 26, despite interest rate hike expectations

Trillanes, Palace clears Leni, Peso falls, Trump at United Nations | Midday wRap

Sep 26, 2018 - 2:43 PM

Watch Rappler’s Midday newscast with Chito dela Vega

Philippine peso dips to fresh 13-year low, bloodbath at PSE

Sep 25, 2018 - 10:50 PM

The Philippine peso closes at P54.31 against the US dollar on Tuesday, September 25

Philippine peso sinking to P58 vs $1 'unlikely' – Diokno

Sep 19, 2018 - 11:55 AM

Budget Secretary Benjamin Diokno says the government relies on overseas Filipinos' remittances and foreign direct investments to keep the economy steady

UNLIKELY. Budget Secretary Benjamin Diokno says the P58 to a dollar forecast is 'unlikely.' File photo by Angie de Silva/Rappler

Philippine peso to hit P58 vs $1, inflation to jump – Capital Economics

Sep 17, 2018 - 12:22 PM

The London-based research firm sees the Philippine peso sliding to P58 in 2019 and inflation soaring due to Typhoon Ompong

Typhoon Ompong, Peso plummets, Naomi Osaka | Evening wRap

Sep 13, 2018 - 10:21 PM

Watch Rappler’s evening newscast with Paterno Esmaquel

Philippine peso plummets to P54 vs $1

Sep 12, 2018 - 5:45 PM

The Philippine peso dips further on Wednesday, September 12, amid a wider trade deficit, high inflation, and rising oil prices

WEAK. The Philippine peso continues its losing streak. Shutterstock photo


Trillanes, Philippine peso dips, Twitter bans Alex Jones | Midday wRap

Sep 07, 2018 - 12:43 PM

Watch Rappler’s Midday newscast with Margie de Leon

Philippine peso weakens further to 13-year low

Sep 06, 2018 - 7:40 PM

The Philippine peso is now just a few centavos away from hitting P54 to $1

[ANALYSIS] Weaker peso boosts exports? Not necessarily

Aug 24, 2018 - 9:17 AM

Why are exports weakening despite a weaker peso? If we take the word of the economic managers, isn’t this puzzling?

IN CHARTS: What your P100 can buy under runaway inflation

Aug 17, 2018 - 2:59 PM

Vegetable prices are soaring and a bottle of beer costs much more. Inflation rate in the ARMM is higher than the national average.

INFLATION. Prices of basic goods continue to soar in 2018. Photo by Jire Carreon/Rappler


Weak peso fails to lift Philippine exports in June 2018

Aug 08, 2018 - 7:50 PM

The Philippine Statistics Authority says the country posted a wider year-on-year trade deficit in June after imports rose to their fastest pace

TRADE GAP. The Philippines posts a wider year-on-year trade deficit in June. Photo by Ted Aljibe/AFP

Bangko Sentral ng Pilipinas takes on fake news

Jul 13, 2018 - 5:57 PM

The Bangko Sentral ng Pilipinas reminds the public that they have the authority to run after individuals spreading manipulated images of Philippine banknotes

Duterte & Pope day, Philippine peso, leptospirosis | Midday wRap

Jun 28, 2018 - 12:24 PM

Watch the midday newscast with Margie de Leon

Philippine peso to hit P54 to $1 – BMI Research

Jun 27, 2018 - 9:00 PM

BMI Research says 'the Philippine peso continues to be the worst performing currency in the region, having weakened by more than 7% against the US dollar year-to-date'

Should we worry about the Philippine peso?

Jun 26, 2018 - 9:20 PM

First Metro Investment Corporation and the University of Asia & the Pacific say the answer depends on the factors driving the peso's weakness

#ThewRap: Things you need to know, June 18, 2018

Jun 18, 2018 - 12:23 PM

Hello! Here are the stories you shouldn't miss this Monday

[OPINION] Why is the Philippine peso the weakest in ASEAN?

Jun 18, 2018 - 8:57 AM

A weakening peso is symptomatic of other things happening in the economy. Most importantly, it suggests we are increasingly becoming a net borrower from the rest of the world, owing to our colossal import bill boosted by Duterte’s 'Build, Build, Build'.

Gov’t should explain 'alarming' peso fall – Robredo

Jun 15, 2018 - 11:08 AM

Vice President Leni Robredo says the government should address speculation about the weakening Philippine peso, especially as this affects both businesses and ordinary people

CONCERNS OVER PESO FALL.Vice President Leni Robredo says the government should end speculations over the weakening of the Philippine peso by explaining to the public wy this happened. Photo from OVP

Philippine peso breaches P53 to $1 level, falls to 12-year low

Jun 13, 2018 - 4:58 PM

The peso closes at P53.23 to $1, its weakest level since June 2006

Consumer confidence improves in Q2 2018

Jun 10, 2018 - 12:40 PM

The Bangko Sentral ng Pilipinas attributes this to optimism on income and jobs, among others, though consumers still think prices of goods will rise further

This photo taken on April 11, 2018, shows vegetable vendors dealing with customers at an overpass in Manila. The Asian Development Bank lifted its outlook for growth in developing Asia this year thanks to a pick-up in the global export demand but it warned of risks from a potential China-US trade war. / AFP PHOTO / NOEL CELIS

[OPINION] Higher inflation: Is TRAIN to blame? (Part 1)

Jun 02, 2018 - 10:33 PM

In these tough times, government officials must be wary of populist policies that could make matters worse. They should also avoid making callous remarks that tend to belittle the poor and add insult to their economic injury.

Rising prices, weaker peso slightly hurt business confidence in Q2 2018

May 31, 2018 - 6:30 PM

The Bangko Sentral ng Pilipinas says businesses' overall confidence index was at 39.3% for the 2nd quarter of 2018, a slight decline from the 39.5% for the 1st quarter

MRT, LRT ticketing machines now accept new peso coins

Apr 17, 2018 - 5:40 PM

Commuters can already use the newly designed P1, P5, and P10 coins at ticket vending machines of the MRT3, LRT1, and LRT2

NEW COINS. The ticketing vending machine at MRT3 and LRT Lines 1 and 2 now accepts the newly-issued BSP coins. File photo by Chrisee Dela Paz/Rappler

LOOK: Newly designed Philippine coins

Mar 26, 2018 - 6:00 PM

The Bangko Sentral ng Pilipinas says the new coins will coexist with the old coins in circulation

7% economic growth 'very achievable' this year – BPI

Feb 20, 2018 - 8:50 PM

The Ayala-led bank also predicts the peso will depreciate 3-4% every year until 2021 as the government's infrastructure buildup progresses

Peso weakens to 11-year low, Duque on Dengvaxia, Florida school shooting | Midday wRap

Feb 15, 2018 - 12:13 PM

Watch the midday newscast with Marguerite de Leon

Philippine peso weakest in over 11 years

Feb 14, 2018 - 4:45 PM

(UPDATED) Pressured by a record trade deficit, the local currency closes at P52.12 against the US dollar on Wednesday, February 14, its weakest since July 2006

BSP warns negative impact of sharing photos of 'faceless' bills

Dec 30, 2017 - 4:23 PM

The country's central bank says posting photos of alleged misprinted banknotes on social media causes confusion, which may negatively affect commerce

Philippine stocks hit fresh all-time high on 2017's last trading day

Dec 29, 2017 - 7:44 PM

This is the 14th time the main index closed at an all-time high this 2017. For the year alone, the Philippine Stock Exchange index gained 25.1%.

ALL-TIME HIGH. The executives of Philippine Stock Exchange on Friday, December 29 celebrate last trading day of 2017. Photo from PSE Corporate Communications

Philippine peso strongest in 6 months, stocks break 8500 level

Dec 28, 2017 - 5:11 PM

Philippine peso and stocks finish on a strong note two days before trading takes a 4-day New Year break

Printing error caused 'faceless' P100 bills, BSP says

Dec 28, 2017 - 2:46 PM

(UPDATED) Investigations have been launched to validate claim over some withdrawn 'faceless' and 'faded' P100 bills

FACELESS. Earla Anne Yehey, BPI client, posts photos of withdrawn 4 pieces of P100 bills without the late President Manuel Roxas' face on them. Photo from Yehey's Facebook account

Public can exchange old peso bills at BSP on December 26

Dec 22, 2017 - 3:00 PM

(UPDATED) The old banknotes lost their monetary value last June 30. The Bangko Sentral ng Pilipinas will exchange them one last time next week.

#ThewRap: Things you need to know, December 6, 2017

Dec 06, 2017 - 11:30 AM

Hello! Here's a roundup of news you need to know this Wednesday.

'LESSONS LEARNED' PNP Chief Ronald dela Rosa. File photo by Joel Liporada

BSP releases Philippine peso bills with 'enhanced design'

Dec 05, 2017 - 8:15 PM

The Bangko Sentral ng Pilipinas says the new banknotes are 'aimed at highlighting significant moments in the nation's history, as well as its world heritage sites and iconic natural wonders'

BSP releases new P5 coin to honor Andres Bonifacio

Nov 29, 2017 - 5:05 PM

The central bank will circulate the new coin on December 1 to commemorate the 154th birth anniversary of the father of the Philippine Revolution, while other newly designed coins will be circulated in January 2018

Peso weakens, Mahmud Ahmad dead, DBM usec fired | Midday wRap

Oct 20, 2017 - 12:59 PM

Watch the midday newscast with Margie de Leon

Philippine peso weakens to new 11-year low

Oct 19, 2017 - 7:10 PM

The Philippine peso closes at P51.530 to $1 on Thursday, October 19, its weakest since August 24, 2006

PH external debt drops by 1.8% to $72.5 billion in Q2 2017

Sep 17, 2017 - 9:20 PM

The end-June 2017 level is also down by $5.2 billion from the same time last year

Malls seized by hungry mobs for 8-peso burger fix

Aug 28, 2017 - 5:17 PM

A local food chain’s anniversary promo sends customers stampeding in some malls across the country to get burgers at a deeply discounted price

BURGER RUSH. Mobs of customers rush to a Zark's Burgers branch to avail of their 8-peso burger promo. Photo of mob by Pauline Cabal Estrada

#ThewRap: Videos you need to watch this week, August 20-27, 2017

Aug 27, 2017 - 2:17 PM

Must watch videos from this week

RAINY WEATHER. The bad weather does not deter people from accompanying Kian delos Santos to his final destination. Photo by Eliza Lopez/Rappler

Basagan ng Trip with Leloy Claudio: Why a depreciating Philippine peso might be a good thing

Aug 22, 2017 - 12:04 AM

Leloy Claudio talks about the often overlooked advantages of a depreciating Philippine peso

BSP boosts fight vs fake Philippine peso bills

Aug 06, 2017 - 12:59 AM

The Bangko Sentral ng Pilipinas says it has arrested at least 4 suspects accused of faking Philippine peso bills in the first semester of 2017

COUNTERFEITING TOOLS. Actual inventory of the seized/confiscated counterfeit 1000- and 500-peso banknotes, printing machine, scanner and printing paraphernalia found inside the house premises of suspects during the anti-counterfeiting operation on March 10, 2017. Photo by BSP.

BSP to demonetize P100,000 and P2,000 commemorative bills

Aug 01, 2017 - 6:40 PM

These limited edition banknotes will be considered demonetized starting August 1 2019

NUMISMATIC. Nonetheless, holders of the centennial commemorative banknotes may choose to keep the limited edition bills for their numismatic value. Image from BSP

The PH economy under Duterte’s watch (Year 1)

Jul 15, 2017 - 5:00 PM

Only time will tell the impact of such sweeping policies on growth inflation and unemployment But before they cause any irreversible damage to our economy their rationale and effectiveness should not escape scrutiny today