Guidelines on Foreign Currency Loan Conversion

Ask AI

CIRCULAR NO. 1006: Guidelines on Foreign Currency Loan Conversion

What do you want to know about the law?
Ask AI quickly gives answers based only on the current context to avoid mistakes. Always verify with the original text.

New Chat Started

Ask AI

Title Source: Supreme Court: Guidelines on Foreign Currency Loan Conversion

Law: Circular No. 1006

Decision Date: Jun 8, 2018

The Monetary Board's Circular No. 1006 allows banks to convert and transfer foreign currency loans and Real and Other Properties Acquired to peso loans without prior BSP approval, provided they adhere to specific risk management and accounting requirements.

END