Here’s the reaction of Ping Lacson to the remark of Sandro Marcos about the weakening value of Peso
PING LACSON – The former senator commented on the controversial remark of Ilocos Norte 1st District Representative Sandro Marcos about the weakening value of the Philippine peso versus the US dollar.
In a press briefing, he said: “I would like to make one thing clear… the peso is not weak because the peso is weak. The peso is weak because the dollar is strong.”
According to him, the United States (US) dollar is seen as the safest or most stable currency, especially if there is a crisis.
“Ang nangyayari ay lahat ng mga tao kapag may krisis ay bumibili ng dollar. Kapag binibili ‘yung dollar, ang demand ng dollar tumataas. Which means, against other currencies, it becomes stronger,” he explained.
Despite the weakening of the Philippine peso against the US dollar, Marcos said that the peso remains “stabilized” or stable against other currencies in the world.
Watch the video below:
His opinion about the weakening of the peso also generated mixed reactions from netizens. There were some who agreed with his point while others seemed to be confused with his statement.
Among those who commented on his remark is former Senator Ping Lacson.
Lacson took to the microblogging site, Twitter, wherein he gave his reaction regarding the opinion of Sandro on the weakening of the peso versus the US dollar.
Here’s the comment of Ping Lacson:
Sandro Marcos, the son of President Ferdinand “Bongbong” Marcos Jr., has yet to issue any statement regarding the criticisms he’s receiving.
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