Economic
Peso hits P60.3:$1, PSEi down nearly 2%
The Philippine peso has depreciated significantly against the US dollar and the PSEi has fallen nearly 2%, reflecting growing economic stress.
The Bangko Sentral ng Pilipinas reports that the peso has depreciated to 60.3 to a US dollar, its weakest level in recent history. This sharp depreciation has coincided with a nearly 2% drop in the Philippine Stock Exchange Index (PSEi), signaling heightened concerns about inflation, capital outflows, and the overall health of the Philippine economy in the face of external shocks and slowing domestic growth.
- Status
- active
- Location
- Philippines
- Date added
- 2026-03-25 19:44 UTC
- Last updated
- 2026-03-25 19:44 UTC
- Source
- https://manilatimes.com
- Connected threats
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- Not Available