Comment by noduerme

The fishermen will get paid in pesos but the company will be paid in dollars. And the company will probably put their dollars in a bank outside the Philippines, which only accepts dollars, euros or swiss francs.

If the fishermen could be paid in dollars, they would probably prefer that.

And the fact that they'd prefer that to being paid in Rubles or Renminbi is the underlying guarantor of American economic power... which, if it goes away and was replaced by Chinese power in the south china sea, would be catastrophic for the fishermen as well.