Amendment to Central Bank Act Provisions

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Title Supreme Court: Amendment to Central Bank Act Provisions

Law: Presidential Decree No. 1937

Decision Date: Jun 27, 1984

Presidential Decree No. 1771 amends the Central Bank Act, empowering the Central Bank of the Philippines to enforce banking laws and regulations, promote a safe banking system, and contribute to economic development. The amendment establishes the Central Bank as a body corporate with a capital of ten billion pesos, governed by a Monetary Board composed of government officials and private sector members.

amending

central bank act

presidential decree

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