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Marcos won't spend all reserves on peso, sees 6% growth by 2028
The Freeman
|March 25, 2026
Philippine President Ferdinand Marcos Jr. signaled that his government will tolerate weakness in the peso, saying there is a limit to their defense of the currency as market forces drive up the dollar.
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“I think it would be even futile to try to spend all our foreign reserves on defending the peso,” he said in an exclusive interview with Bloomberg Television’s Haslinda Amin in Manila on Tuesday. “We also recognize that there’s only so much you can do because the dollar’s going to move the way it does.”
The peso is among Asia’s hardest-hit currencies, having weakened through the psychologically important level of P60-per-dollar for the first time in history last week. High oil prices are driving up the cost of imports for an economy that sources almost 100% of its oil from the Middle East.
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The Freeman
Public urged to report alleged violations by traffic enforcers
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The Freeman
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