July 19, 2018, 9:32 am
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1 Philippine Peso = 0.0687 UAE Dirham
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1 Philippine Peso = 0.03442 Neth Antilles Guilder
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1 Philippine Peso = 2.19981 Algerian Dinar
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1 Philippine Peso = 0.01606 Euro
1 Philippine Peso = 0.03917 Fiji Dollar
1 Philippine Peso = 0.01429 Falkland Islands Pound
1 Philippine Peso = 0.01431 British Pound
1 Philippine Peso = 0.08962 Ghanaian Cedi
1 Philippine Peso = 0.88982 Gambian Dalasi
1 Philippine Peso = 168.66816 Guinea Franc
1 Philippine Peso = 0.14005 Guatemala Quetzal
1 Philippine Peso = 3.88103 Guyana Dollar
1 Philippine Peso = 0.1468 Hong Kong Dollar
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1 Philippine Peso = 1.26057 Haiti Gourde
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1 Philippine Peso = 1.28159 Indian Rupee
1 Philippine Peso = 22.25963 Iraqi Dinar
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1 Philippine Peso = 21.15413 Korean Won
1 Philippine Peso = 0.00566 Kuwaiti Dinar
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1 Philippine Peso = 6.4508 Kazakhstan Tenge
1 Philippine Peso = 157.22035 Lao Kip
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1 Philippine Peso = 0.31076 Moldovan Leu
1 Philippine Peso = 0.98373 Macedonian Denar
1 Philippine Peso = 26.78638 Myanmar Kyat
1 Philippine Peso = 45.80995 Mongolian Tugrik
1 Philippine Peso = 0.15122 Macau Pataca
1 Philippine Peso = 6.64048 Mauritania Ougulya
1 Philippine Peso = 0.64347 Mauritius Rupee
1 Philippine Peso = 0.29125 Maldives Rufiyaa
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1 Philippine Peso = 2.04293 Nepalese Rupee
1 Philippine Peso = 0.02753 New Zealand Dollar
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1 Philippine Peso = 0.06114 Peruvian Nuevo Sol
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1 Philippine Peso = 1 Philippine Peso
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1 Philippine Peso = 0.0692 Polish Zloty
1 Philippine Peso = 106.97905 Paraguayan Guarani
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1 Philippine Peso = 1.18 Russian Rouble
1 Philippine Peso = 15.95267 Rwanda Franc
1 Philippine Peso = 0.07015 Saudi Arabian Riyal
1 Philippine Peso = 0.14747 Solomon Islands Dollar
1 Philippine Peso = 0.25122 Seychelles Rupee
1 Philippine Peso = 0.33483 Sudanese Pound
1 Philippine Peso = 0.16573 Swedish Krona
1 Philippine Peso = 0.02554 Singapore Dollar
1 Philippine Peso = 0.0143 St Helena Pound
1 Philippine Peso = 0.41538 Slovak Koruna
1 Philippine Peso = 153.38571 Sierra Leone Leone
1 Philippine Peso = 10.68088 Somali Shilling
1 Philippine Peso = 393.68313 Sao Tome Dobra
1 Philippine Peso = 0.16367 El Salvador Colon
1 Philippine Peso = 9.633 Syrian Pound
1 Philippine Peso = 0.24845 Swaziland Lilageni
1 Philippine Peso = 0.62252 Thai Baht
1 Philippine Peso = 0.04952 Tunisian Dinar
1 Philippine Peso = 0.04351 Tongan paʻanga
1 Philippine Peso = 0.08966 Turkish Lira
1 Philippine Peso = 0.12587 Trinidad Tobago Dollar
1 Philippine Peso = 0.57159 Taiwan Dollar
1 Philippine Peso = 42.49906 Tanzanian Shilling
1 Philippine Peso = 0.49158 Ukraine Hryvnia
1 Philippine Peso = 69.56977 Ugandan Shilling
1 Philippine Peso = 0.01871 United States Dollar
1 Philippine Peso = 0.58277 Uruguayan New Peso
1 Philippine Peso = 145.09914 Uzbekistan Sum
1 Philippine Peso = 2239.05724 Venezuelan Bolivar
1 Philippine Peso = 431.12608 Vietnam Dong
1 Philippine Peso = 2.04265 Vanuatu Vatu
1 Philippine Peso = 0.04883 Samoa Tala
1 Philippine Peso = 10.52881 CFA Franc (BEAC)
1 Philippine Peso = 0.05051 East Caribbean Dollar
1 Philippine Peso = 10.52881 CFA Franc (BCEAO)
1 Philippine Peso = 1.90591 Pacific Franc
1 Philippine Peso = 4.67265 Yemen Riyal
1 Philippine Peso = 0.24818 South African Rand
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Euro zone needs healthy economies, not special budget

BRUSSELS- The euro zone does not need a special budget to help deal with crises, but rather 19 healthy national budgets that can withstand economic shocks, Dutch Prime Ministers Mark Rutte will tell his fellow European Union leaders on Friday.

French President Emmanuel Macron has called for a special euro zone budget of several hundred billion euros to pay for various joint projects, while the euro zone bailout fund has advocated setting up a fund of up to 200 billion euros ($236 billion) to soften crises that hit one or a handful of euro zone countries.

A new, centralized pool of money for the euro zone is one of the key ideas for deeper euro zone integration that EU leaders are discussing with a view to take decisions in June 2018.

“I am not in favor of one big European shock absorption fund but 19 smaller ones. These being the countries themselves and their ability to deal with crises individually,” Rutte told reporters in remarks he was set to repeat to EU leaders on Friday.

Germany, like the Netherlands, believes no euro zone budget is needed.

For budgets to be sound, the European Commission must better enforce existing EU budget rules, called the Stability and Growth Pact, which set limits on government borrowing.

“Each time the Commission overlooks violations of that pact, which happens too often if you ask me, it makes us weaker instead of stronger,” Rutte said.

He will also call for establishing a clear link between receiving EU funds by governments and their implementation of reforms suggested each year by the Commission.

Before changing anything in the current euro zone set-up, leaders should focus on strengthening the banking sector. But he said that to introduce a proposed euro zone-wide deposit insurance scheme, banks had to reduce risks they take first.

He said this included changing the risk weights of various government bonds that under current rules are all considered risk-free.

“It’s a fact that not all government bonds are created equal. The associated risk needs to be reflected on balance sheets,” Rutte said.

The Netherlands also wants, like Germany and Slovakia, to introduce a sovereign debt restructuring mechanism that would set out the rules for private investors’ losses in case government debt has to be restructured.

Rutte will stress that responsibility for the euro was with national governments, rather than with EU institutions, putting himself in opposition to European Commission proposals aimed at turning euro zone government bodies like the Eurogroup of ministers and their bailout fund, into EU institutions. – Reuters 
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