In one of the soc media post. it was alleged that BBM victory did the Peso in. The Peso now at P55 = USD has become one of the worst performing currencies in the region. It was alleged that many heads
of Western countries do not trust BBM's abilities and hence are divesting from the Philippines
But Western countries sent delegation to BBMs oath taking today.
A strong dollar, not a weak peso is not the cause of peso freefall. The critic must have made all his analyses wrong tried to scam the readers US Fed has to raise interest due to raging inflation.
A devalued peso: means OFW get more bucks from their remittances. We get more foreign investment
Exporters get more. The devaluation is not entirely bad for the country. Although importation of raw materials and capital goods become more exspenasive
