Back to all news
Web3

BSP Won’t Defend ₱60 Target as Philippine Peso Hits Historic Low Past ₱62

BitPinas·August 31, 2026·1 min read
BSP Won’t Defend ₱60 Target as Philippine Peso Hits Historic Low Past ₱62

Philippines' central bank BSP will not defend the peso at ₱60, allowing it to fall to a historic low of ₱62.265 against the US dollar. This marks a record low for the currency, signaling a shift in monetary policy stance.

Read at BitPinas
Daily crypto arcade

Read the news, then play it.

Chainshorts turns crypto headlines into a daily game. Catch up in 60 words, then jump into daily lucky draws for a shot at the pot.

Open ChainshortsGet it on the Solana dApp Store