Leloy Claudio talks about the often overlooked advantages of a depreciating Philippine peso
MANILA, Philippines – For the first time in 11 years, the Philippine peso hit an all-time low against the United States dollar – to the tune of P51 to $1.
The prevailing public sentiment is usually that of unease, but historian Leloy Claudio gives us several reasons why a depreciating currency isn’t so bad at all. –Rappler.com
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