Tag page - US dollar

ONE FOR THE ROAD James Deakin Where does the Federal Reserve keep all its newly printed money? Answer: In debasement.  Ok, I know Father’s Day is over and I’m a week out of the dad joke amnesty period, but there’s nothing funny about this. In fact, the only joke here is the US dollar, and...

Finance Secretary Carlos Dominguez said the government plans to sell dollar bonds before interest rates rise, and will look for new revenue sources and ways to wind down debt next year. Finance Secretary Carlos G. Dominguez III (Photo credit: https://www.dof.gov.ph/about/secretarys-page/) “We...

The central bank will no longer limit its rediscounting facility through a budget and instead adopted an “open regime” principle as a monetary policy tool to infuse liquidity to a pandemic-hit market. The Bangko Sentral ng Pilipinas (BSP) used to have a specific budget for its Peso Rediscount...