The peso-dollar exchange rate during the administration of Ferdinand Marcos was at P1.50 to P2 per dollar, a sign of a better economy compared to today.
Various Facebook pages and groups have posted online that Marcos' governance strengthened the local currency against the dollar. This claim is usually included in a long list of supposed “achievements” of the late dictator.Foreign exchange rate at P1.50/$1BONGBONG MARCOS PILIPINAS SOLID GROUP""FOR PRESIDENT MOVEMENT 2022 Foreign exchange rate at P2/$1The facts:
Official data from the Bangko Sentral ng Pilipinas shows the Philippine peso was already valued at P3.91 per dollar when Marcos came into power in 1965. By the time he was ousted in 1986, one dollar was equivalent to P20.46 – depreciating by 423.46%. (READ:
It is obvious they have the money to fund deception activities to mislead Filipinos about the dictatorship. Of course the money belongs no to them.....
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