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Black market exchange rates as seen in the past are now nonexistent since official markets now reflect underlying supply and demand. [17] The Philippine peso has since traded versus the U.S. dollar in a range of ₱24–46 from 1993 to 1999, ₱40–56 from 2000 to 2009, and ₱40–54 from 2010 to 2019.
This is an accepted version of this page This is the latest accepted revision, reviewed on 30 December 2024. Economy of the Philippines Metro Manila, the economic center of the Philippines Currency Philippine peso (sign: ₱; code: PHP) Fiscal year Calendar year Trade organizations ADB, AIIB, AFTA, APEC, ASEAN, EAS, G-24, RCEP, WTO and others Country group Developing/Emerging Lower-middle ...
From 1986 to 1992, the Philippines recorded an average annual inflation rate of 9.2%. During the Aquino administration, the annual inflation rate peaked at 18.1% in 1991; a stated reason for this increase was panic buying during the Gulf War. [42] [43] Overall, the economy under Aquino had an average growth of 3.8% from 1986 to 1992. [44]
Unemployment rate jumps to 7.5% in January compared to 7.1% data a year ago, according to Philippine Statistics Authority. [215] March 12 – Philippine exports rose to 9.3% in January, according to Philippine Statistics Authority. [216] March 17 – World Bank revised the country's growth forecast to 6.6%, down from 6.7%. [217]