BSP Amendments on Foreign Exchange Rules 2013

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BSP CIRCULAR NO. 815: BSP Amendments on Foreign Exchange Rules 2013

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Title Source: Supreme Court: BSP Amendments on Foreign Exchange Rules 2013

Law: Bsp Circular No. 815

Decision Date: Oct 18, 2013

BSP Circular No. 815 amends foreign exchange regulations, allowing non-residents to fund peso accounts through specific sources and facilitating the sale of foreign exchange without prior BSP approval for certain transactions, while establishing reporting requirements for authorized banks.

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