RVO's Binondo Central Bank; Marcos Sr.'s legacy to Filipinos

"But, to be fair, (Marcos Sr.) crafted signal laws that still form part of our legal system" In the aftermath of the assassination of the late Benigno Aquino Jr. in 1983, there was a massive outflow of foreign exchange from the country with foreign investors and even domestic investors taking their investments out of the country to such an extent that the Central Bank of the Philippines was virtually emptied of dollars. Then President Ferdinand E. Marcos Sr. did not know what to do. If nothing was done to stop the outflow of foreign exchange, the economy would collapse, Santa…