Weak peso ‘good for the country’ – lawmaker

A lawmaker on Saturday opined that the depreciation of the peso against the US dollar can be seen as a boon for the country.

“A weak peso is good for our exporters who earn in dollars. It is also beneficial to our overseas workers and their families here. It is likewise helpful to our booming and highly labor-intensive outsourcing sector that generates income in dollars,” Rep. Johnny Pimentel of Surigao del Sur said.