Another record day for the peso after two former Erap officials testify

This disheartening performance of the peso follows in the wake of the debilitating testimonies of two high profile finance executives who abandoned the Erap presidency.
January 16, 2001

The Philippine peso dipped into uncharted waters when it reached an intraday weakness of Ps52.950 ($1.01) – another historic low for the embattled currency.

Sign in to read on!

Registered users get 2 free articles in 30 days.

Subscribers have full unlimited access to FinanceAsia.

Not signed up? New users get 2 free articles per month, plus a 7-day unlimited free trial.

Questions?
See here for more information on licences and prices, or contact [email protected].

Share our publication on social media
Share our publication on social media