The government should maintain a balance in the exchange rate of the peso against the US dollar to enable migrant Filipino workers and exporters to benefit, Finance Secretary Carlos Dominguez III said Thursday.
“For me I would prefer a peso that is slightly weak. Because our (workers) benefit, and also, the exporters benefit,” he said.
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Dominguez added the economy was stable and would remain relatively as such next year.
“We will slightly weaken because the dollar interest rate might go up, but I don’t think it will be very serious, that our peso will go 50 (against the US dollar). I think it will stay around where we are at the moment,” he added.
