Peso

Friday, 6 June 2025

19 Dec 2024

10:53PM

BSP: More durable, all-polymer peso banknote series to start circulating Dec. 23

BSP Governor Remolona emphasized that the polymer series aligns with global standards by enhancing anti-counterfeiting measures, reducing environmental impact, and increasing durability.

1 Oct 2024

8:06AM

PH borrowers shied away from dollar loans in second quarter as peso weakened

This drop in dollar loans coincided with a 4-percent depreciation of the Philippine peso against the US dollar during the same period, which likely contributed to decreased borrowing as foreign currency loans became more expensive for local borrowers.

28 Jun 2024

4:42PM

Gloomy businesses see higher inflation, pricier loans contrary to BSP forecasts

Despite government assurances of declining inflation and interest rates, businesses expect price increases to keep accelerating and borrowing costs to rise in the third quarter of the year and the next 12 months.