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Palace wants the peso to “seek its own level” |
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By PNA
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Saturday, 13 September 2008 |
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MANILA, Sept. 13 (PNA) -- Rejecting calls to intervene and prop up the value of the peso, Malacañang said Saturday it will leave the currency to “seek its own level” saying the weakened peso is favorable to exporters and overseas Filipino workers (OFWs). "Our policy is for the value of the peso to seek its own level. We don't want to interfere with it," Presidential Management Staff Director-General Secretary Cerge Remonde said in an interview this morning over government-run Radyo ng Bayan. |
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