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Article: P/$ rate closes at P48.715/$ 1.(News In Brief)
- Article from:
- Manila Bulletin
- Article date:
- March 3, 2007
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The peso rate closed lower at P48.715 to the US dollar yesterday at the Philippine Dealing System of the Bankers Association of the Philippines from P48.59 the previous day. The weighted average rate depreciated to P48.715 from P48.571. Total volume amounted to $ 493.5 million.
BSP okays bond repayment
The Bangko Sentral ng Pilipinas has approved the government's plan to repay this year all its outstanding Brady bonds, worth $ 126 million, BSP Deputy Governor Diwa Guinigundo said. Last year, the government decided to use its call option for $ 575.3-million worth of such bonds, which were issued under a debt restructuring program over a decade ago. The ...