President Bong2 Marcos Jr. has urged Filipinos not to panic with the peso all ready at P64 : 1 . This has happened in a very short while.
Who will not panic over this. Lower petot vs dollar means more expensive imports and everyday prices: fuel, food clothes and the like. It means lower quality of life. Benefits of wage increases have been nullified. It of not to panic if you dont eat or use importted goods or materials. But we do..
Is is out sound advice?
