GIR ‘unlikely sufficient’ to halt peso’s decline
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Source: The Manila Times
Published: 2026-05-25 02:09 UTC+10:00
Section: General
Factuality Score: 100
Opinion Category: Neutral
Topics: Economy & Finance, Business & Economy, Asia Pacific
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Snippet:
THE Philippines’ foreign reserves may not be enough to fully shield the peso from further depreciation amid widening external deficits, Bank of America (BofA) said.
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