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KM Financial Solutions | Philippines central bank managing excessive volatility as peso trades at 11-year lows
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Philippines central bank managing excessive volatility as peso trades at 11-year lows

24 Feb Philippines central bank managing excessive volatility as peso trades at 11-year lows

Posted at 03:53h in News by
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MANILA, Feb 25 (Reuters) – The Philippines central bank is
selling its dollar reserves as a defensive measure to manage
excessive volatility driven by speculation against the peso,
which is hovering near 11-year lows, the bank’s governor said on
Sunday.

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