Marcos Urges Calm as Peso Hits Record Low of 64.18

PravdaReport ·
Economy Markets Philippines
Russia

President Ferdinand "Bongbong" Marcos Jr. has urged Filipinos to remain calm as the national currency hit an intraday historic low of 64.18 pesos to the U. S. dollar on October 28, 2026, following a previous close of 64.17 pesos. Marcos attributed the devaluation to rising international oil prices driven by conflict in the Middle East. The president stated that the government intends to actively…

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