‘Not end of the world’ if Philippine peso hits 61 to a dollar —BSP chief

October 26, 2022 - 4:41 PM
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A man counts a wad of Philippine Peso bills he received from a relative working abroad at a money remittance center in Makati City, Metro Manila, Philippines September 19, 2018. (Reuters/Eloisa Lopez)

 The Philippine peso hitting 61 against the U.S. dollar is “not the end of the world,” the central bank governor said on Tuesday.

Bangko Sentral ng Pilipinas’ Governor Felipe Medalla’s remarks during a banking forum followed comments made by the finance secretary that the government will not allow the peso to breach 60.

—Reporting by Neil Jerome Morales; Editing by Kanupriya Kapoor