But you need to keep

But you need to keep in mind that this does not indicate that foreigners have already left the Philippine markets. We must take a look at every other indicator—the period in-between peso deposits,” he stated.

Guinigundo said meantime peso deposits are in which new investments are introduced in or the ones liquidations coming from government securities and the inventory market.

“The situation today is that the intervening time peso deposit has now not broadly modified. It’s still at more than P200 billion, representing liquidations from the inventory market and the government securities market,” he stated.

The BSP authentic cited the peso remains fairly more potent than the P55:$1 stage in 2005 when the authorities declared a deficit disaster.