BSP Amendments on Foreign Currency Cover

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BSP CIRCULAR NO. 601, S. OF 2008: BSP Amendments on Foreign Currency Cover

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Title Supreme Court: BSP Amendments on Foreign Currency Cover

Law: Bsp Circular No. 601, S. Of 2008

Decision Date: Feb 13, 2008

BSP Circular No. 601 mandates that depository banks maintain a 100% cover for foreign currency liabilities, aligning reporting requirements with Philippine Financial Reporting Standards while detailing eligible assets and liquid asset requirements for compliance.

foreign currency

currency cover

banking regulations

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