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The Month long plan from NEDA for monetary devaluation (excerpted)


First and Second Week:
Posting at .019 by the Philippines Bank Org. The .019 posting will hold 2000 PHP.
This price will hold for the first two weeks.

At the same time, any offer for gold being sold below 1 gold = 53 PHP will be bought out by the Philippines Bank org.

Third Week
1 Posting at .018 at 2000 PHP. This price will hold for a week, and will be combined with an news announcement at the end of the third week by the Finance Ministry Org as to the governmental policy change. (Although at this stage, the domestic companies will definitely know about it.) The announcement is just to confirm it.
NOTE: *The newspaper event did not get made.*

At the same time, any offer for gold being sold below 1 gold = 55 PHP will be bought out by the Philippines Bank org.

Fourth Week
2 Postings at .018 and at .017 at 2000and 1000 PHP.

At the same time, any offer for gold being sold below 1 gold = 58 PHP will be bought out by the Philippines Bank org.

As you can see from above, the best of plans do not go the way you want it to. However this plan accommodated enough changes to keep pace with with the economic realities of the situation. Hopefully, at least, and with a plan.

Source:
http://ephilippines.forummotion.com/finance-f73/financial-de-valuation-time-table-t1199.htm

Negosyo sa tao
Acting Director of the Department of Finance