Here’s the reaction of some netizens on the “peso is weak because the dollar is strong” comment of Sandro Marcos
SANDRO MARCOS – The comment of Ilocos Norte 1st District Representative on the weakening of the Philippine peso versus the US dollar has drawn mixed reactions on social media.
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:
On Monday, October 10, the Philippine peso hit P59 against the dollar.
Meanwhile, the statement of Sandro Marcos continues to trend on social media.
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 opinion.
Here are the comments of some netizens based on the article by Philippine Star posted on Facebook:
Sandro Marcos is the son of President Ferdinand “Bongbong” Marcos Jr.
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