P57=$1, pinakamababang halaga ng piso sa loob ng halos isa't kalahating taon | UB - video Dailymotion

GMA Integrated News

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Transcript

00:00 Due to the rise in the value of the Peso Contra Doliar, the price of the item is expected to rise according to an economist.

00:08 It will be a result of higher prices of the items purchased.

00:12 EJ Gomez has the first news.

00:15 Our Peso has again risen in its lowest exchange rate, Contra Doliar.

00:23 The exchange rate of 57 per dollar closed.

00:27 This is the lowest in almost a year and a half, or since the exchange rate of 57.37 per dollar closed on November 22, 2022.

00:38 According to an economist, the lower exchange rate of Peso Contra Doliar is due to the rise of the US dollar.

00:46 The tension in the Middle East has risen since then,

00:50 following the loss of drone and missile assets against Israel last Saturday.

00:56 The Doliar has risen because it has political risk.

01:00 Other Israeli military officials have stated that they might have a response or retaliation to the weekend missile and drone attack of Iran.

01:15 The Doliar has risen compared to other currencies in the world.

01:19 The US dollar is the highest in five and a half months, the average, compared to the global currency.

01:26 Now that the Doliar is higher, some sectors are affected, particularly those who import,

01:32 which is possible to increase the overall inflation in the country.

01:36 The Doliar is rising because the importation force is rising.

01:39 The importation force is becoming more expensive and the implication of that is that the Philippines will import more.

01:46 If what we buy increases, it might also increase.

01:51 It might also contribute to the increase of inflation.

01:54 This is the first news. EJ Gomez for GMA Integrated News.

02:00 [News broadcast]

02:13 [Music]

P57=$1, pinakamababang halaga ng piso sa loob ng halos isa't kalahating taon | UB

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