Philippines: Peso sinks past P52:$1 level for the first time since 2019, stoking inflation fears

MANILA, Philippines — The Philippine peso dropped past the P52 barrier for the first time since 2019 on Monday as Russia’s invasion of Ukraine continued to prop up the US dollar, triggering inflation concerns amid already high oil prices. The local unit shed 44 centavos from its previous finish to close at P52.18 against the greenback. Its […]

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