[lbo-talk] Peso's dizzy rise gives Filipinos overseas a headache

uvj at vsnl.com uvj at vsnl.com
Mon Dec 10 07:02:18 PST 2007


Reuters.com

Peso's dizzy rise gives Filipinos overseas a headache http://www.reuters.com/article/ousivMolt/idUSMAN22681820071203?sp=true

Mon Dec 3, 2007

By Carmel Crimmins

MANILA (Reuters) - Manila's malls are abuzz with Christmas carols and glitzy decorations but Marlene Isleta has little festive cheer.

A strong Philippine peso and a weak U.S. dollar means that Isleta has less cash in her pocket after receiving the remittance money her husband, a waiter on a luxury cruise ship, sends her every month. http://www.reuters.com/article/ousivMolt/idUSMAN22681820071203?sp=true



More information about the lbo-talk mailing list