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Mexican peso, as well as other currencies of Latin American countries, has been losing their value since Monday morning because of the rapidly spreading swine flu outbreak. This concern became so important in the past two days, that it pushed into the background all other economic and political issues, influencing currency rates.

The Central Bank of Philippines is going to cancel several requirements and restrictions in relation to the transactions made in foreign exchange. This move will enable importers and others possessing foreign currency accounts to get the USD easier. Furthermore this step will be third one of the foreign exchange liberalization of the country that has begun a year ago. It seems nothing will change Central bank’s opinion even the still decreasing national currency (peso) that has reduced over 12% in relation to the USD during this year.