Philippines Arroyo says peso speculators face jail

PHILIPPINES - Philippine President Gloria Macapagal Arroyo said on 17 August the peso had rebounded because of the central bank's crackdown on currency speculation and warned speculators of harsh punishment, up to life imprisonment, in the future.

"The central bank has already taken measures to crack down on speculators and when they did, that's when the peso rebounded," Arroyo told a news conference.

"This time the penalties are for documentary stamp penalties," she added. "Next time it will

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: