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#Philippine Peso

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Inside the Philippine Peso's Historic Plunge to Record Lows Against the US DollarEconomy

Inside the Philippine Peso's Historic Plunge to Record Lows Against the US Dollar

The Philippine peso has dropped to a record low against the US dollar due to surging oil prices, geopolitical turmoil, and domestic economic deficits. While remittances provide some cushion, the depreciation is driving up import costs and fueling inflation.

Al Jazeera English|September 4, 2026