buying power

@howiedy (236)
Philippines
January 15, 2007 2:09am CST
Our Philippine peso is faring well against the US dollar which is good because the country saves a lot for international debt payment. But can we really feel the effects of this to our own pockets? Purchasing power is getting worse than expected.
1 person likes this
2 responses
@cuddleme01 (2728)
• Philippines
22 Jan 07
i dont think we are feeling the advantages of a stronger peso currency. while the peso is getting stronger everyday the prices of basic commodities continue to rise, fares are high, gasoline price is high, almost nothing has changed. it seems like the good direction of our peso is going right now is only to increase our credit ratings with the IMF and we get to pay our standing GIGANTIC debts. There is less to expect with our much stronger peso currency. although that is better than a weak peso currency. the government has to put more effort to strengthening our economy and providing for the social progress of our society.the effects of a stronger currency is only external. we are yet to see if we can reap REAL benefits from it- benefits that can be felt by the commonest of all people, the juan de la cruz.
@howiedy (236)
• Philippines
23 Jan 07
I agree. we are not feeling the good effects of a stronger peso. It is only godd for a better image for the country, for the government to market itself more to the international community. Our poor people keep on becoming poorer. Purchasing power is getting worse, hence, may are still underfed and impoverished.
1 person likes this
@Deane_2005 (1644)
• Philippines
30 Jan 07
I can't feel the faring of peso in our country. All goods and stuff prices are getting higher each day.Transportation fare are not lowering. Hospital and medical bills are unaffordable each day. Goods and vegetables from market are also increasing its prices. I really don't know why we have not feel such faring of peso unlike in other countries that if it happens they can surely feel the diference.
@howiedy (236)
• Philippines
31 Jan 07
Correct. The poor are getting poorer and the rich becoming richer. The demarcation line between the rich and the poor is getting thicker.
1 person likes this