Philippine central bank warns against currency speculation

Central Bank of the Philippines
Photo: Patrick Roque/Wikimedia Commons

The Philippine central bank on October 4 warned currency speculators not to “take undue advantage” of the peso, as the currency weakened further against a strong US dollar.

“We ask those who have the means not to take undue advantage of changing market conditions. This does not help the Philippine peso; it does not help the Philippines,” the Central Bank of the Philippines (BSP) said in a statement.

“What we can do is to bring all transactions into an organised and accessible formal market

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

If you already have an account, please sign in here.

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 individual account here: