Wed, Jul 30, 2014
A A A
Welcome sandeep.kottawar@wns.com
RSS

Sovereign Wealth Funds Briefing - Categorized | Reserve Currencies

Foreign currency deposits in Philippines remains stable amid shaky financial markets

Posted on 28 October 2008

From Gmanews.tv: Foreign deposits in Philippine banks remain stable despite the ongoing global financial meltdown, the Bangko Sentral ng Pilipinas (BSP) said.

BSP deputy governor Diwa C Guinigundo said remittances are still at healthy levels since many Filipinos overseas are in countries which are not badly hit by the economic slowdown. While the Philippines is not spared from the impact of fleeing dollars, Guinigundo noted that remittances from US-based Filipinos account for only 30 percent of the inflows from overseas Filipinos….. Full Article: Source


 Article link

This post was written by:

VRS - who has written 14478 posts on Opalesque Sovereign Wealth Funds Briefing.


Contact the author

Comments are closed.

July 2014
M T W T F S S
« Jun    
 123456
78910111213
14151617181920
21222324252627
28293031