Is It Time to Open the "Ba-ul"?
In The Post's July 12th issue, Todd Venezia wrote a brief note about the Philippine peso in the paper's "Weird but True" section.
"The value of the Philippine peso is rising - not because the currency is so stable, but because the metal it's made of is so valuable.Authorities recently stopped a container full of 3 million one-peso coins - which each contain 75 percent copper - being illegally shipped abroad to be melted down.
The price of the metal has risen so much that on the black market each coin is worth nearly four times as much as face value."
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