Amendments to New Central Bank Act

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Republic Act No. 11211: Amendments to New Central Bank Act

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Title Source: Supreme Court: Amendments to New Central Bank Act

Law: Republic Act No. 11211

Decision Date: Feb 14, 2019

Republic Act No. 11211 establishes the Bangko Sentral ng Pilipinas (BSP) as an independent central monetary authority in the Philippines, responsible for maintaining price stability, overseeing banks, and promoting financial stability, with the increase in capitalization funded by the declared dividends of the BSP.

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