TRIBUNE EDITORIAL: Eminent economist Benjamin Diokno of the UP said that the upgrade may even be the cause of more hardships for Filipinos as speculators flock into the country bringing with them foreign currencies that are expected to drive up the peso strength. A strong peso, he said, wreaks havoc on families of overseas Filipino workers since their dollars which used to give them P50, now only gives them P40. The appreciated currency also will tell on the revenues of exporters who are still reeling from a persistent slump in the major exports markets.
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