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BSP reacts to allegation of ex-Pres. Duterte vs. Pres. Marcos Jr.
PTVPhilippines
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2/24/2025
BSP reacts to allegation of ex-Pres. Duterte vs. Pres. Marcos Jr.
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Transcript
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00:00
Palace dismissed former President Duterte's claim that the Marcos family sold the country's gold reserves,
00:05
causing the peso to weaken.
00:07
The Banco Central ng Pilipinas, or BSP, clarified that selling gold is a regular activity to support the economy,
00:14
a practice that also occurred during Duterte's presidency.
00:17
The BSP emphasized that the gold reserves are solely managed by them,
00:22
and the president has no involvement in this process.
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