FX Vital To Emerging Markets Of Asia Agree Delegates At Annual Meeting
ASIA-PACIFIC FOREX
Foreign exchange has a vital part to play in developing countries such as the Philippines, Fidel V. Ramos, president of the Republic of the Philippines, told delegates of the 18th Annual Asia-Pacific Forex Assembly in Manila, November 13-16.
The liberalization in the banking sector and FX markets that has taken place in the Philippines since late 1992, has been matched by deregulation in other major sectors of the economy, Ramos said. These changes have put the country in a strong position to
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