Piso vs dolyar papalo pa sa P65-68 – Rep. Salceda

Piso vs dolyar papalo pa sa P65-68 – Rep. Salceda

September 24, 2022 @ 10:45 AM 2 months ago

MANILA, Philippines- Nagbabala si House Ways and Means Committee Chairman at Albay Rep Joey Salceda na papalo pa sa P65 hanggang 68 ang palitan ng piso sa dolyar sa mga susunud na araw kaya naman mainam na mas tumutok ang bansa sa dollar-earning sectors at domestic food production

“There is no resistance. There is no anchor, so to speak. So, I can see the dollar sustaining its strength against the peso. It will continue,” pahayag ni Salceda.

Aniya, habang ganito ang palitan ng piso ay dapat mas tumuon ang bansa sa mga industriya na kumikita ng foreign currency at tutukan din ang domestic agriculture para makasabay sa imported inflation mula sa food, oil at iba pang essential commodities.

“Based on the country’s recent history, periods of currency weakness average at 38% depreciation. Depreciation in the early 1970s, by 41%, even led to an eventual boom in Philippine exported commodities by 1974. Depending on where you start counting, the PHP has depreciated by 18% to 23% against the dollar during this period of depreciation. So, if history repeats, there’s quite some way to go,” ani Salceda.

“This could go as high as 65 to 68 pesos per dollar. And, frankly, there’s not much we can do. To return to stable core inflation, the US needs to achieve 5% disinflation that it achieved in the early 1980s, and that took 6500 basis points in interest rate hikes. The Fed under Powell has so far increased the Fed rate by just 2250 basis points. So, hang on. This is still bound to be quite a ride,” paliwanag pa ng mambabatas.

Aminado si Salceda na sa ngayon ay walang magagawa ang bansa dahil patuloy na lalakas ang dolyar.

“We can’t do much to protect the peso. Instead, what we can do, as I’ve said repeatedly this year, is – if the dollar is stronger than the peso, then let’s just earn more dollars,” dagdag pa ni Salceda na isang magaling na ekonomista ng bansa.

Mungkahi ni Salceda na tutukan ng bansa ang Big 4 dollar-earners kabilang dito ang OFWs deployment, BPO sector, foreign-employed freelancers at tourism.

“We need to reduce the bottlenecks for OFW deployment. Everybody who freely wants to go should have the opportunity to go. That includes helping our healthcare workers pass their accreditation tests, providing training for workers in heavy industries such as petroleum workers in the Middle East, giving language skills trainings. If we are going to sustain our OFW deployment policy, we should at least give them value-adding skills, so that we’re not forced to send domestic helpers or other low-pay overseas jobs.” ani Salceda.

Ikalawa umano ay palawakin ang BPO sector.

“We’ve succeeded in helping them keep their work-from-home privileges. The next step is to make permitting, tax compliance, and other doing-business concerns easier for BPOs,” pahayag ng solon.

Ikatlo aypagkakaroon ng remote freelance workers para sa foreign employers kabilang dito ang virtual assistants, independent creatives and PR people, designers at iba pang trabaho kung saan kikita ng dolyar gayundin ay ang pagpapalakas pa sa turismo. Gail Mendoza