Philippines: Overseas Filipinos Launch Campaign for Special Foreign Exchange Rate

Romy Tangbawan, Arab News

JEDDAH, 6 August 2007 — If you and your family are adversely affected by the drastic rise of the Philippine peso against the US dollar, here’s your chance to be heard in Manila: A petition letter for a special exchange rate for OFWs. The letter is addressed to President Gloria Macapagal Arroyo and it will be delivered to Malacaٌang as soon as a substantial number of signatures are gathered, initiators of the campaign said. “The more signatures we get, the better so that our officials in Manila will listen,” said Ronnie Abeto, one of the leaders of the V-Team – Advocacy and Community Service group that is spearheading the campaign. He said that as the government has readily offered to grant relief to Philippine exporters of goods, there’s no reason not to give a little help to OFWs. [Read more]