PROCLAMATION NO. 12

: The main purpose of Proclamation No. 12 is to publish the values of certain foreign currencies for the assessment and collection of customs duty under Republic Act No. 77.
: The Undersecretary of Finance recommended the publication of the foreign currency values.
: The proclamation publishes the values of various foreign currencies against the Philippine peso and their equivalent in U.S. currency for duty assessment purposes.
: The values are expressed in Philippine currency and also as an equivalent amount in U.S. currency.
: The published values serve as the basis for assessing and collecting customs duty on imported goods priced in foreign currencies.
: The value of the Australian Pound in Philippine currency is P6.426226.
: The Argentine Peso has a value of P0.595466.
: Manuel Roxas signed Proclamation No. 12 as the President of the Philippines.
: The Proclamation was dated and took effect on October 30, 1946.
: The British Pound Sterling is valued at $4.032578 in U.S. currency.
: It provides an official reference for currency conversion rates necessary for assessing import duties, thereby affecting international trade transactions.
: It denotes that the proclamation was made in the first year of Philippine independence, highlighting the country's sovereign authority to regulate its laws and currency values.