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Article: NEWS IN BRIEF.
- Article from:
- Manila Bulletin
- Article date:
- March 20, 2004
CopyrightCOPYRIGHT 2004 Manila Bulletin Publishing Corp. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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P/$ rate closes at P56.38/$1
The peso closed a new record low at P56.38 to the US dollar yesterday at the Philippine Dealing System of the Bankers Association of the Philippines from P56.27 the previous day. The weighted average rate depreciated to P56.32 from P56.258. Total volume amounted to $117.5 million.
Feb. GIR revised at $15.7 B
The gross international reserves (GIR) fell to a revised $15.733 billion as at end-February from $16.084 billion in January, data at its website showed. The Bangko Sentral ng Pilipinas, which had earlier reported an end-February preliminary GIR level of $15.765 billion, gave no reason for the revision. ...