philippines money remittance
Posted in Philippines General Information on 07/31/2007 05:48 pm by admin
Why Philippine inflation rising?
I do not get why the Philippines needs to absorb or sterilise capital inflows (Remittances) to avoid inflation. Is not the exchange rate increased to adjust for that. I suspect this has nothing to do with. Is it due to excessive credit creation or money to local economy, due to low interest rates or printing money.
I heard from a fren that the Philippine currency of the Philippines authority over printed paper money-so much that the inflation got to double digits.
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