Revaluation Guidelines for Commercial Banks FX Assets

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BSP CIRCULAR LETTER: Revaluation Guidelines for Commercial Banks FX Assets

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Title Source: Supreme Court: Revaluation Guidelines for Commercial Banks FX Assets

Law: Bsp Circular Letter

Decision Date: Apr 1, 1993

The BSP Circular Letter mandates that commercial banks must conduct monthly revaluations of US Dollar foreign exchange assets and liabilities using the Philippine Dealing System Weighted Average Rate, with specific conditions for rate selection based on transaction volume and differential thresholds.

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