07 April 2010

Philippine Peso in all time high

Since its election time, presidential candidates are out for PGMAs blood. They’d do anything and everything to discredit PGMA, her government and achievements. Even if their criticisms are senseless and unreasonable, they’d do anything just to make a fool out of her and her government.

I don’t know how AbNoynoy and the rest of his handlers would react when they will hear that the Philippine peso is in its all time high. LP and AbNoynoy’s handlers would once again resort to dirty tactics, a desperate move since they know that their candidate has no potential and if weren’t for his parent’s name, he’s nothing.

The report says that the Philippine peso rose to a 19 month high at 45.01 to a dollar on Monday. It was also reported that the peso might strengthen beyond 44 by year-end because the surged of remittance, export and investments. The peso surge is also partly because of the announcement of BIR that they exceeded its March collection target by at least Php. 1.4 billion.

Although Filipinos should welcome the good news of the peso surge, we OFWs still hate it when the peso appreciates since our income decreases.

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