Procedure for Disposition of Confiscated Foreign Currency

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Title Supreme Court: Procedure for Disposition of Confiscated Foreign Currency

Law: Presidential Decree No. 1915

Decision Date: Apr 5, 1984

Presidential Decree No. 1915 combats blackmarketing and smuggling of foreign currencies in the Philippines, designating the Central Bank as the custodian of confiscated assets and authorizing their disposal, while imposing penalties for non-compliance.

foreign currency disposition

confiscated assets

forfeited assets

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