Marcos cites futility of spending all foreign reserves to defend peso

2026-03-24 - 14:21

MANILA, Philippines — The government will not use all its foreign reserves to defend the Philippine peso, which recently dipped to P60 per US dollar, President Ferdinand R. Marcos Jr. said on Tuesday. In an exclusive interview with Bloomberg News, Marcos said: “I think it would be even futile to try to spend all our