 He was known to frequently call bank officials into his office and wield this weapon when the peso was under heavy speculative attack.In 2002, when the government fell into another budget crisis that saw the public deficit widening to 220 billion pesos, political pressures mounted for the Philippine government to ask for debt relief.Buenaventura, however, was no less adamant and loud in his opposition to this suggestion than he had been toward shielding the peso or compromising the BSP's regulatory authority.