by Mac Ramirez
Philippine Correspondent
“There’s definitely something wrong with a country when only its government rejoices while its people mourns every time its currency becomes strong,” thus declared Migrante International, the largest global alliance of overseas Filipino groups and their families.
The militant alliance is reacting to recent developments brought about by the strengthening Philippine peso. Just recently, overseas Filipino workers (OFW) from Saudi Arabia have petitioned the Arroyo government to impose a fixed P50 to $1 exchange rate against the current P45 to a dollar, saying that the money they send home are cut drastically every time the peso gains more strength against the dollar.
While recognizing that special exchange rates would surely benefit the millions of OFWs and their families, Migrante International chairperson Connie Bragas Regalado said, “This only betrays the sad state of affairs our nation is currently in.”
Philippine Correspondent
“There’s definitely something wrong with a country when only its government rejoices while its people mourns every time its currency becomes strong,” thus declared Migrante International, the largest global alliance of overseas Filipino groups and their families.
The militant alliance is reacting to recent developments brought about by the strengthening Philippine peso. Just recently, overseas Filipino workers (OFW) from Saudi Arabia have petitioned the Arroyo government to impose a fixed P50 to $1 exchange rate against the current P45 to a dollar, saying that the money they send home are cut drastically every time the peso gains more strength against the dollar.
While recognizing that special exchange rates would surely benefit the millions of OFWs and their families, Migrante International chairperson Connie Bragas Regalado said, “This only betrays the sad state of affairs our nation is currently in.”
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