MANILA, Philippines (The Adobo Chronicles, Manila Bureau) – There is a new world currency brewing and it’s not the U.S. dollar nor the BRICS currency being planned by Brazil, Russia, India, China and South Africa.

Rather it is the currency being used by Argentina, Chile, Colombia, Cuba, the Dominican Republic, Mexico, the Philippines and Uruguay — the peso.

The Bangko Sentral ng Pilipinas (Central Bank of the Philippines) is very excited about the peso initiative. “It will make the Philippines competitive in the world market,” a BSP spokesperson told The Adobo Chronicles.

This is a developing story.