Tropical Storm Trami Halts Philippine Economy

The Philippine central bank ceased foreign currency trading as Tropical Storm Trami impacted the region. The government also suspended work and classes across Luzon, citing inclement weather. These measures aim to ensure public safety amidst challenging meteorological conditions affecting the island nation.

In response to the severe weather conditions caused by Tropical Storm Trami, the Philippine central bank has announced a suspension of foreign currency trading. The announcement was made via social media on Wednesday.

The central bank's decision reflects the widespread disruptions triggered by the storm, which have also led the Philippine government to suspend both government work and educational activities across the main island of Luzon. The measures, confirmed by the president's office, point to the priority placed on public safety during this time.

The suspension of work and classes underscores the storm's significant impact on daily life and the economy on Luzon, the largest and most critical island of the Philippines.

(With inputs from agencies.)