Prohibition of Barter in International Trade Act

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Title Supreme Court: Prohibition of Barter in International Trade Act

Law: Republic Act No. 3524

Decision Date: Jun 20, 1963

Prohibition Against Barter in International Trade" law enacted in the Philippines in 1963, prohibits barter in international trade until the Central Bank achieves full convertibility of foreign exchange earnings, imposes penalties for violators, and provides for the liquidation and termination of existing contracts and transactions.

prohibition

barter

international trade

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