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