Filipino Peso Hits Four Year High Against Dollar

The budget once again is at a surplus in the Phillipines making the first eight months of the year  all a surplus to total $2.5 billion. The government budget also reported a surplus for August making the year-to-date deficit 34.2 billion pesos compared to the 80.8 billion pesos last year.

The peso reached only 49.88 peso per United States dollar compared to June this year when the dollar bought over 53 pesos.

Manilla Standard Today Article