‘Don’t panic,’ Marcos says after peso’s historic lows

President Marcos reassured Filipinos not to worry despite the peso hitting historic lows, noting a slight recovery to P64.025 against the dollar after a seven-session decline. The currency's volatility reflects broader economic challenges, but the small gain indicates a potential stabilization. Experts are watching the Bangko Sentral ng Pilipinas for measures to support the peso, which could impact inflation and the cost of imports. This situation underscores the need for economic policy adjustments to bolster the currency and maintain financial stability.