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'Is Stronger Peso Value Good? ' philippines

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Is Stronger Peso Value Good?

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08/15/11 02:01

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Is Stronger Peso Value Good?

As the US dollar's value continues to plunge down other developing countries currencies appreciate. But is this are a good thing? According to economists it is not. In the Philippines, experts are saying that the peso appreciation can have more negative impact. Local product will cost more and could result to loosing consumer looking more cheaper products. A forum was formed with the aim of keeping the exchange rates on status quo.

Link: ~~ Economists propose short-term solutions to stabilize

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