Peso expected to weaken further in 2009
Eto po, share ko lang. Di ko alam kung good news eto or not-so-good news pra satin' mga OFWs sa pagpasok ng taon. Copy paste ko na lng yung paragraphs na na-catch ung attention ko at basahin nu na lng ng buo through the link.
*****************************
1. "The peso, which has fallen 13 percent against the dollar this year, is widely expected to decline further in 2009 due to the impact a worsening global economic downturn will have on foreign investments, exports and overseas remittances."
2. "The bank official (a treasurer at a local commercial bank) predicted that the peso would hit a high of 46 to the dollar before it dropping to a low of 52 in the coming year."
3. "In its outlook for 2009, Citigroup has projected that the peso will fall to 50 to the dollar in the next six months and to 51 in succeeding months before rising toward the 48-per-dollar level in 2010 and 2011."
.
Source:
By Doris Dumlao
Philippine Daily Inquirer
http://business.inquirer.net/money/topstories/view/20081231-180752/Peso-...
