Peso closes at P56.96 to $1, strongest level since April

Quick Summary:

THE Philippine peso rallied against the United States dollar on Tuesday, allowing it to close at its strongest level since April this year, which augurs well for the country’s aspirations of becoming an Upper Middle Income Country (UMIC).

The Philippines has been considered a lower middle income country since 1987.Cai U.

With a population estimate based on the 2020 Census of Population and Housing (CPH), the country’s per capita GNI at current local prices is at $4,335.60.

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Article Details

Author / Journalist: Cai U. Ordinario

Category: BusinessStartups

Markets: PhilippinesUnited States

Topics: Balisacan Becoming Philippines Middle Based Country’s Umic Peso Country Years Income

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-13 @ 16:11:00 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 650 words

Reading Time: 4 minutes read

Sentences: 25 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Mirror

News ID: 22067471

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Official Website: businessmirror.com.ph

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