To the Class of 2020, my prayers are with you as you face enormous challenges. Incidentally, last June, Rep. Paolo Duterte filed a bill with Congress to change the name from Ninoy Aquino International Airport (NAIA) to Paliparang Pandaigdig ng Pilipinas. The foreign exchange rates above show a 158% peso depreciation from 1978 to 1985. And please take note, these were based on the official exchange rates. Once upon a time, we had the Binondo Central Bank, the black market for foreign exchange where the dollar was even more expensive.

Source: Philippine Star August 04, 2020 15:56 UTC