Talk of the Town: Rescuing the sinking peso

Comments on “Rescuing the sinking peso” (Editorial, 1/12/26) via https://opinion.inquirer.net:

[Reply to Andres magdiwan] They borrowed long-term dollar bonds and loans to shore up the reserves.

Phil

Just wondering, while PH spends more dollars than it earns, increasing the dollar deficit, how were they able to maintain a higher dollar reserve?

Andres magdiwan

The export industry is almost dead. Only the OFW’s remittance is keeping the country afloat. The flood control scam is going nowhere with the senators and congtractor-congressmen going scot-free. The DPWH officers involved in the scam are retracting their testimonies because it appears now that those politicians won’t be charged. Baon sa utang ang bansa! Investors are hesitant to invest in the Philippines due to the rampant corruption. We are seeing how a Third-World country is going rock-bottom.

Jesus Clavo