61. The Philippine peso moved marginally lower Wednesday in calmer conditions than the previous session, with the central bank actively intervening to stabilize the currency. 62. The prime minister has stabilized the currency and restored security across much of the country in the last four years. 63. The report said that stabilizing the currency, and the related problems of restructuring the banks and avoiding widespread corporate debt default, are the economic challenges facing Indonesia. 64. The rupiah strengthened this week after news that the President would adopt the CBS to stabilize the currency. 65. He indicated that Japan would try to stabilize currency in cooperation with other industrialized countries. 66. In defending the package, top government officials have said their first objective is to stabilize the currency. 67. Last Thursday, Washington and Ottawa decided to extend a credit line of up to six billion dollars to Mexico to help stabilize the currency. |