Central Bank Margin on Foreign Exchange Sales

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Republic Act No. 2609: Central Bank Margin on Foreign Exchange Sales

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Title Supreme Court: Central Bank Margin on Foreign Exchange Sales

Law: Republic Act No. 2609

Decision Date: Jul 16, 1959

The Margin Fee Law grants the Central Bank of the Philippines the authority to establish a margin over banks' selling rates of foreign exchange, with exemptions for essential goods and materials, and imposes penalties for violations.

margin fee

foreign exchange

central bank

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