Just curious to know how you and your family were affected by this crisis. I know it was pretty bad in Singapore and Indonesia but I'm not sure about how bad it was for the Philippines. Apparently at that time the exchange rate was 26 Pesos to 1 Dollar. Shortly afterwards the exchange rate went to 46 Pesos to 1 Dollar. Pretty much all of the Asian countries suffered from this crisis.
So how was the Philippines affected from the Asian Financial Crisis back in 1997? Were things really difficult in the Philippines as much as it was for the rest of Asia? And how were you and your family affected by it?
So how was the Philippines affected from the Asian Financial Crisis back in 1997? Were things really difficult in the Philippines as much as it was for the rest of Asia? And how were you and your family affected by it?