20 October 2010
USD/PhP: 43.375 - 0.025 PSEi: 4191.96 + 0.84
USD/JPY: 81.26 PFINC: 944.61 + 2.45
EUR/USD: 1.3814 BDO: 59.95 unch
GBP/USD: 1.5737 BPI: 56.00 unch
PDSTF3M: 3.7854 MBT: 71.00 + 1.00
Prices as of 4:00pm Source: Bloomberg, Reuters
Philippines Readying Series of Currency Liberalization Measures
By Karl Lester M. Yap
Oct. 20 (Bloomberg) -- The Philippine central bank is
“preparing a series of foreign exchange liberalization
measures,” Deputy Governor Diwa Guinigundo said in a mobile-
phone text message today.
Policy makers are “not taxing capital flows,” he said.
Jonathan Ravelas
Chief Market Strategist
(632) 858-3145
Rhys Cruz
Junior Researcher
(632) 858-3001
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