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High inflation erodes the value of assets, money, and causes the country to experience high welfare losses due to the costs experienced in reinvesting these assets or converting them into goods from money. When inflation is incredibly high, confidence is lost in money and its ability to be exchanged for goods, so economic instability occurs and money, becoming more risky, rises further in cost. In these conditions, people get rid of money and choose to barter or use foreign currency instead.
Wiki User
∙ 13y ago
Wiki User
∙ 13y ago- money supply
- production( mainly in inputs)
- taxes
- exchange rates
- supply stocks
- monopolies and cartels
- national dept
Wiki User
∙ 9y agoPeso devaluation in the Philippines means that people exchanging Philippine currency for American dollars get less of a value. This can have a major effect on tourism.
Wiki User
∙ 11y agomalay ko sa inyo
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What do you mean by one peso of the Philippines?
i peso
What is the currency in Manila?
Manila is the capital of the Philippines. The Philippines uses Philippine Peso as their currency. So Manila uses Philippine Peso.
What is the money system in Philippines?
Philippine money is called the Filipino Peso, or in English the Philippine Peso.
How much in the Philippines peso in one dollar 2007?
46 Pesos
How much is a 100 apaxmai ekaton into Philippines peso?
100
After the devaluation of the peso the Zapatista National Liberation Army began a revolt against the Mexican government?
No. The revolt didn't have anything to do with the peso devaluation, although such event increased the volatility of the currency markets.
What do the Philippines call their money?
mhelcute: We call it PESO. Php or Philippines Peso.
What do you mean by one peso of the Philippines?
i peso
What were the results of mexicos foreign debt cisis?
Devaluation of the Mexican peso as well as a fall of the Mexican economy.
What is the currency in Manila?
Manila is the capital of the Philippines. The Philippines uses Philippine Peso as their currency. So Manila uses Philippine Peso.
What is the currency of the Philippines called?
The currency of the Philippines is called the Philippine Peso, with the symbol "₱" and the currency code "PHP."
What kind of money is used in the US?
the Philippines has peso,peso is Philippine money,it looks diffrent then other money in the us dollars.
What are the 2 countries has peso?
Mexico and Philippines
What is money from the Philippines called?
Philippine Peso
What money does the Philippines use?
The Philippines uses its own money, which is called the Philippine Peso.
What is the money system in Philippines?
Philippine money is called the Filipino Peso, or in English the Philippine Peso.
What is the color of 1 thousand peso bill?
The color of the 1,000 peso bill in the Philippines is blue.
