Showing posts with label peso. Show all posts
Showing posts with label peso. Show all posts

Friday, June 13, 2008

the dollalr is getting stronger everyday

We notice that recently the dollar has consistently climbed against the peso. To dollar-earners, this is good news but to those earning the lowly peso, it means that the buying power of the peso is dropping. It is time to do some real dollar-earning tasks here. I hope google will also up its adsense payouts.

Thursday, March 27, 2008

I don't think so...

When the dollar's value against the peso depreciates, our president would always say this is a good sign for our economy. I don't think so. HOw can we feel that when we are only in the Philippines and not using dollars to buy goods? Maybe when we go out and have our money changed into dollars so we can buy stuff there, then we can say our money is indeed getting stronger. But to ordinary pinoys like the rest of us, the devaluation of the dollar against the peso does not really improve anything. It only makes life harder for many Filipinos who only depend on family members sending them dollars every month. I am not an economist or a financial expert but it does not need much common sense to put two and two together.