“The peso is not weak because the peso is weak. The peso is weak because the dollar is strong.”
Sandro Marcos
Claim dated 11 Oct 2022.
Vera Files rated thisNeeds context
What Vera Files found
While an article from the International Monetary Fund confirms that the dollar is considered the “dominant world currency” and is perceived as a “safe haven” by investors, economists have noted other important factors that contribute to the weakening of the Philippine peso.
Their words, from the summary they publish with the rating.
In short
Sandro Marcos made this claim around 11 October 2022. Vera Files (Philippines) looked into it and published its finding on 13 October 2022, 2 days later. Its rating was “Needs context”.
Where the claim appeared
Links recorded by Vera Files. Some posts may have been deleted since.
This check was done by Vera Files, not by DoesItStand. We list it so you can find it. Their full evidence and reasoning are in their article.