News In Brief

Philippines currency move seeks to ease world debt

The Philippine government placed controls on foreign-currency transactions Monday to ease its swollen $1.3 billion international debt. The Central Bank now directly controls all foreign-exchange transactions in a bid to halt the flight of capital from the country set off by domestic unrest. (Related story, Page 9.)

You've read  of  free articles. Subscribe to continue.
QR Code to News In Brief
Read this article in
https://www.csmonitor.com/1983/1018/101846.html
QR Code to Subscription page
Start your subscription today
https://www.csmonitor.com/subscribe