Which currency policy did Diosdado Macapagal adopt?
Pegged currency rate
Fixed exchange rate
Free exchange market
Gold standard
Answer
Free exchange market, Diosdado Macapagal's significant currency policy, liberalized the Philippine peso, allowing it to fluctuate according to market forces. This market-oriented approach aimed to stimulate economic growth, attract foreign investments, and enhance the country's international competitiveness by aligning the peso's value with global economic dynamics.
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