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Category Archives: 24th Nov 1987

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Philippines Central Bank curbs dollar trading

24th Nov 1987, Reportage, ReutersBy Chaitanya KalbagJuly 31, 2024Leave a comment

 Chaitanya Kalbag, Reuters MANILA, Nov 24 – The Philippines has moved to defend its foreign exchange reserves by curbing U.S. dollar trading between banks, easing bank deposit rules for overseas workers and cutting purchases of debt paper with foreign exchange.  The new rules were announced as the peso stumbled to a 20-month low of 20.938…

Philippine Military Details Foreign Aid for Communist Rebels

24th Nov 1987, Reportage, ReutersBy Chaitanya KalbagJuly 31, 2024Leave a comment

Chaitanya Kalbag MANILA, Nov 24, Reuter – Private groups in Australia and West Europe are supplying Philippine communist guerrillas with aid, a military intelligence report said on Tuesday.  The report said 14 private groups in Australia, Ireland, Switzerland, West Germany and Belgium were sending aid to the 23,000-strong communist New People’s Army.  “The governments of…

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