Guidelines on Foreign Currency Loan Conversion

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CIRCULAR NO. 1006: Guidelines on Foreign Currency Loan Conversion

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Title 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.

foreign currency

peso loans

loan conversion

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