Weak or strong peso“The economics doesn’t warrant defending the peso,” BSP Governor Eli Remolona Jr. said last Thursday. A weaker peso raises the peso value of OFW remittances and will boost consumer demand in our consumer driven economy. But there is always strong pressure for a strong peso from politicians who mistakenly think a strong peso shows a strong economy. Sectors of the economic elite who thrive on imports also want a strong peso. Either tighten standards for rural bank digital transformations, or make the digital bank licensing pathway more attractive.”Interesting times.

Source: Philippine Star January 11, 2026 16:36 UTC