BSP Won’t Defend ₱60 Target as Philippine Peso Hits Historic Low Past ₱62
Weekly Crypto Roundup Get the weekly briefing for Philippine crypto insiders, from the country’s longest-standing crypto and blockchain news publication. The Bangko Sentral ng Pilipinas (BSP) will not draw down its foreign currency reserves to artificially defend a ₱60 exchange rate against the US dollar. The policy stance comes as the Philippine peso breached the…
