September 25, 2017, 5:48 pm
Facebook iconTwitter iconYouTube iconGoogle+ icon
1 Philippine Peso = 0.07264 UAE Dirham
1 Philippine Peso = 2.21717 Albanian Lek
1 Philippine Peso = 0.03501 Neth Antilles Guilder
1 Philippine Peso = 0.34187 Argentine Peso
1 Philippine Peso = 0.02482 Australian Dollar
1 Philippine Peso = 0.03536 Aruba Florin
1 Philippine Peso = 0.03956 Barbados Dollar
1 Philippine Peso = 1.5979 Bangladesh Taka
1 Philippine Peso = 0.03249 Bulgarian Lev
1 Philippine Peso = 0.00745 Bahraini Dinar
1 Philippine Peso = 34.31665 Burundi Franc
1 Philippine Peso = 0.01978 Bermuda Dollar
1 Philippine Peso = 0.02662 Brunei Dollar
1 Philippine Peso = 0.13627 Bolivian Boliviano
1 Philippine Peso = 0.0618 Brazilian Real
1 Philippine Peso = 0.01978 Bahamian Dollar
1 Philippine Peso = 1.27967 Bhutan Ngultrum
1 Philippine Peso = 0.20131 Botswana Pula
1 Philippine Peso = 395.96518 Belarus Ruble
1 Philippine Peso = 0.03951 Belize Dollar
1 Philippine Peso = 0.02438 Canadian Dollar
1 Philippine Peso = 0.01919 Swiss Franc
1 Philippine Peso = 12.36155 Chilean Peso
1 Philippine Peso = 0.13059 Chinese Yuan
1 Philippine Peso = 57.37935 Colombian Peso
1 Philippine Peso = 11.30439 Costa Rica Colon
1 Philippine Peso = 0.01978 Cuban Peso
1 Philippine Peso = 1.82753 Cape Verde Escudo
1 Philippine Peso = 0.43125 Czech Koruna
1 Philippine Peso = 3.51325 Djibouti Franc
1 Philippine Peso = 0.1233 Danish Krone
1 Philippine Peso = 0.94106 Dominican Peso
1 Philippine Peso = 2.21553 Algerian Dinar
1 Philippine Peso = 0.25924 Estonian Kroon
1 Philippine Peso = 0.3485 Egyptian Pound
1 Philippine Peso = 0.46183 Ethiopian Birr
1 Philippine Peso = 0.01657 Euro
1 Philippine Peso = 0.03986 Fiji Dollar
1 Philippine Peso = 0.01461 Falkland Islands Pound
1 Philippine Peso = 0.0146 British Pound
1 Philippine Peso = 0.08739 Ghanaian Cedi
1 Philippine Peso = 0.88588 Gambian Dalasi
1 Philippine Peso = 176.45964 Guinea Franc
1 Philippine Peso = 0.14445 Guatemala Quetzal
1 Philippine Peso = 4.08406 Guyana Dollar
1 Philippine Peso = 0.15453 Hong Kong Dollar
1 Philippine Peso = 0.46127 Honduras Lempira
1 Philippine Peso = 0.12375 Croatian Kuna
1 Philippine Peso = 1.23398 Haiti Gourde
1 Philippine Peso = 5.13074 Hungarian Forint
1 Philippine Peso = 263.05379 Indonesian Rupiah
1 Philippine Peso = 0.06919 Israeli Shekel
1 Philippine Peso = 1.28145 Indian Rupee
1 Philippine Peso = 23.08149 Iraqi Dinar
1 Philippine Peso = 663.96359 Iran Rial
1 Philippine Peso = 2.1252 Iceland Krona
1 Philippine Peso = 2.5623 Jamaican Dollar
1 Philippine Peso = 0.01399 Jordanian Dinar
1 Philippine Peso = 2.21833 Japanese Yen
1 Philippine Peso = 2.03738 Kenyan Shilling
1 Philippine Peso = 1.35362 Kyrgyzstan Som
1 Philippine Peso = 80.07516 Cambodia Riel
1 Philippine Peso = 8.12164 Comoros Franc
1 Philippine Peso = 17.80063 North Korean Won
1 Philippine Peso = 22.34177 Korean Won
1 Philippine Peso = 0.00596 Kuwaiti Dinar
1 Philippine Peso = 0.01622 Cayman Islands Dollar
1 Philippine Peso = 6.74387 Kazakhstan Tenge
1 Philippine Peso = 163.94383 Lao Kip
1 Philippine Peso = 29.77848 Lebanese Pound
1 Philippine Peso = 3.02017 Sri Lanka Rupee
1 Philippine Peso = 2.31408 Liberian Dollar
1 Philippine Peso = 0.26167 Lesotho Loti
1 Philippine Peso = 0.0603 Lithuanian Lita
1 Philippine Peso = 0.01227 Latvian Lat
1 Philippine Peso = 0.02675 Libyan Dinar
1 Philippine Peso = 0.18458 Moroccan Dirham
1 Philippine Peso = 0.34721 Moldovan Leu
1 Philippine Peso = 1.01345 Macedonian Denar
1 Philippine Peso = 26.91851 Myanmar Kyat
1 Philippine Peso = 48.53639 Mongolian Tugrik
1 Philippine Peso = 0.15916 Macau Pataca
1 Philippine Peso = 7.1521 Mauritania Ougulya
1 Philippine Peso = 0.66021 Mauritius Rupee
1 Philippine Peso = 0.30696 Maldives Rufiyaa
1 Philippine Peso = 14.16792 Malawi Kwacha
1 Philippine Peso = 0.35121 Mexican Peso
1 Philippine Peso = 0.08291 Malaysian Ringgit
1 Philippine Peso = 0.26183 Namibian Dollar
1 Philippine Peso = 6.9818 Nigerian Naira
1 Philippine Peso = 0.59118 Nicaragua Cordoba
1 Philippine Peso = 0.15441 Norwegian Krone
1 Philippine Peso = 2.05301 Nepalese Rupee
1 Philippine Peso = 0.02722 New Zealand Dollar
1 Philippine Peso = 0.00761 Omani Rial
1 Philippine Peso = 0.01978 Panama Balboa
1 Philippine Peso = 0.06415 Peruvian Nuevo Sol
1 Philippine Peso = 0.06309 Papua New Guinea Kina
1 Philippine Peso = 1 Philippine Peso
1 Philippine Peso = 2.08386 Pakistani Rupee
1 Philippine Peso = 0.07081 Polish Zloty
1 Philippine Peso = 111.78797 Paraguayan Guarani
1 Philippine Peso = 0.07201 Qatar Rial
1 Philippine Peso = 0.07606 Romanian New Leu
1 Philippine Peso = 1.14001 Russian Rouble
1 Philippine Peso = 16.39142 Rwanda Franc
1 Philippine Peso = 0.07417 Saudi Arabian Riyal
1 Philippine Peso = 0.15268 Solomon Islands Dollar
1 Philippine Peso = 0.26236 Seychelles Rupee
1 Philippine Peso = 0.13172 Sudanese Pound
1 Philippine Peso = 0.15792 Swedish Krona
1 Philippine Peso = 0.02662 Singapore Dollar
1 Philippine Peso = 0.01462 St Helena Pound
1 Philippine Peso = 0.4392 Slovak Koruna
1 Philippine Peso = 148.3386 Sierra Leone Leone
1 Philippine Peso = 11.05617 Somali Shilling
1 Philippine Peso = 406.07593 Sao Tome Dobra
1 Philippine Peso = 0.17306 El Salvador Colon
1 Philippine Peso = 10.18552 Syrian Pound
1 Philippine Peso = 0.26179 Swaziland Lilageni
1 Philippine Peso = 0.65427 Thai Baht
1 Philippine Peso = 0.04862 Tunisian Dinar
1 Philippine Peso = 0.04355 Tongan paʻanga
1 Philippine Peso = 0.06922 Turkish Lira
1 Philippine Peso = 0.13382 Trinidad Tobago Dollar
1 Philippine Peso = 0.5966 Taiwan Dollar
1 Philippine Peso = 44.24446 Tanzanian Shilling
1 Philippine Peso = 0.51938 Ukraine Hryvnia
1 Philippine Peso = 71.10364 Ugandan Shilling
1 Philippine Peso = 0.01978 United States Dollar
1 Philippine Peso = 0.57041 Uruguayan New Peso
1 Philippine Peso = 159.61234 Uzbekistan Sum
1 Philippine Peso = 0.19728 Venezuelan Bolivar
1 Philippine Peso = 449.66376 Vietnam Dong
1 Philippine Peso = 2.04153 Vanuatu Vatu
1 Philippine Peso = 0.04947 Samoa Tala
1 Philippine Peso = 10.86234 CFA Franc (BEAC)
1 Philippine Peso = 0.0534 East Caribbean Dollar
1 Philippine Peso = 10.74723 CFA Franc (BCEAO)
1 Philippine Peso = 1.96618 Pacific Franc
1 Philippine Peso = 4.94363 Yemen Riyal
1 Philippine Peso = 0.26193 South African Rand
1 Philippine Peso = 102.64043 Zambian Kwacha
1 Philippine Peso = 7.15783 Zimbabwe dollar

Worries over Trump policies cloud IMF, WB meetings

WASHINGTON. —World finance leaders are gathering on US President Donald Trump’s home turf on Thursday to try to nudge his still-evolving policies away from protectionism and show broad support for open trade and global integration.

The International Monetary Fund and World Bank spring meetings bring the two multilateral institutions’ 189 members face-to-face with Trump’s “America First” agenda for the first time, just two blocks from the White House.

“These meetings will all be about Trump and the implications of his policies for the international agenda,” said Domenico Lombardi, a former IMF board official who is now with the Centre for International Governance Innovation, a Canadian think-tank.

He added that IMF Managing Director Christine Lagarde is aiming to “socialize” the new administration to the IMF’s agenda and influence its policy choices.

The IMF in particular has sounded warnings against Trump’s plans to shrink US trade deficits with potential measures to restrict imports, arguing in its latest economic forecasts that protectionist policies would crimp global growth that is starting to gain traction.

Trump administration officials are now pushing back against such warnings by arguing that other countries are more protectionist than the United States.

Trump launched the week by signing an executive order to review “Buy American” public procurement rules that have long offered some exemptions under free trade agreements, and by lashing out at Canadian dairy restrictions.

In addition to warnings on trade, the IMF on Wednesday unveiled two studies pointing out dangers from fiscal proposals that Trump is considering. These included warnings that his tax reform ideas could fuel financial risk-taking and raise public debt enough to hurt growth.

Making tax reforms “in a way that does not increase the deficit is better for growth,” added IMF fiscal affairs director Vitor Gaspar.

The advice may simply be ignored, especially after US Treasury Secretary Steven Mnuchin last month insisted that an anti-protectionism pledge be dropped from a Group of 20 communique issued in Baden-Baden, Germany, said Eswar Prasad, former head of the IMF’s China department

“The IMF has little leverage since its limited toolkit of analysis-based advice, persuasion, and peer pressure is unlikely to have much of an impact on this administration’s policies,” said Prasad, now an international trade professor at Cornell University.

Mnuchin’s decision against naming China a currency manipulator last week removed one concern for the IMF ahead of the meeting.

Lagarde also noted on Wednesday that the IMF would listen to all of its members, and work for “free and fair” trade. Lagarde is set to interview Mnuchin on stage during the meetings.  

Lagarde earlier argued for countries to strengthen the post-war open trade architecture by cooperating multilaterally to solve trade issues such as reducing excessive external imbalances.

She did not specifically mention Trump’s “America First” trade agenda that aims to restrict imports into the United States.

But she said restricting trade would be a “self-inflicted wound” that would disrupt supply chains and raise prices for components and consumer goods, hitting the poor hardest.

“The good news is that, after six years of disappointing growth, the world economy is gaining momentum as a cyclical recovery holds out the promise of more jobs, higher incomes and greater prosperity going forward.”

The prospects are better for advanced economies, where manufacturing activity is stronger, as well as for emerging and developing economies, which will contribute more than three quarters of global GDP growth this year, she said. Higher oil and commodity prices have aided many commodity exporters, but their revenues will stay well below the boom years, she added.

“At the same time, there are clear downside risks: political uncertainty, including in Europe, the sword of protectionism hanging over global trade, and tighter global financial conditions that could trigger disruptive capital outflows from emerging and developing economies,” Lagarde said.  – Reuters
Category: 
Rating: 
No votes yet

Column of the Day

The sweet in the bittersweet

By JOSE BAYANI BAYLON | September 25,2017
‘Never in our wildest dreams did it ever occur to me - and I am sure to him - that his final months will be spent with the black sheep of the family.’

Opinion of the Day

Barbaric fraternities (3)

By DAHLI ASPILLERA | September 25, 2017
‘Identified by his father in a deep ravine, where a dead EJ Karl Intia, 19, U-Makati, was thrown after initiation. Where are those 15 participants at that APO hazing?’