ARTICLE SERVICES            Reprint this article     Print this article       Send as an e-mail     Send Feedback       Post a comment     China wants new global monetary system Solons caution gov’t on privatization More Stories » Business Aim to retire with no debts PLDT taps Meralco for new venture Corporate war comes to Philex RCBC bent on expansion EDC to raise P18B more April exports fall 35.2% on year Wall Street crook to earn pennies Piltel transforms into holding firm Plan your fun-spending this summer Money lessons you won't learn in class Business GMA 7 expanding overseas Thrift bank up for sale BSP wants cover for forex losses Focus backs out of Tindalo venture S&P affirms RP ratings, stable outlook QC judge told issue arrest order vs PBA cager Mobile money exchange scheme launched PLDT taps Meralco for new venture Robinsons mall, hotel to rise in Tacloban Lodestar, OVMPC sign deal BSP ready to act to counter downturn Problems in search of marketing solutions   Business Most Read RSS Global Investor's Club Learn how to invest in the Global Market today! Dakki Contact Person: John Cuenco Tel. No.: 871.7238 / 871.1450 / 875.1178 Email Add: dakkidon@yahoo.com

MANILA, Philippines -- The central bank said on Thursday it was "providing liquidity" in the currency market to help stabilize the peso as it hovered at two-year lows.

"We are in the market to minimize volatility in the exchange rate," deputy governor Diwa Guinigundo told reporters."

Traders said the central bank was selling dollars for the past two days to prevent the currency from falling through the 50 per dollar psychological barrier. The peso closed in local trading on Thursday at 49.999 to the dollar.

• China wants new global monetary system
• Solons caution gov’t on privatization