BSP Clarification on Foreign Exchange Rules

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BSP MEMORANDUM NO. M-2010-033: BSP Clarification on Foreign Exchange Rules

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Title Supreme Court: BSP Clarification on Foreign Exchange Rules

Law: Bsp Memorandum No. M-2010-033

Decision Date: Oct 4, 2010

BSP Memorandum No. M-2010-033 clarifies the implementation of Circulars 675 and 676, enhancing the foreign exchange regulatory framework by increasing the annual investment limit for Philippine residents from USD 12 million to USD 30 million and allowing outward investments from managed accounts.

circular

foreign exchange

banking system

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