Guidelines on Foreign Currency Exchange Rates Use

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PPA MEMORANDUM CIRCULAR NO.05-2005: Guidelines on Foreign Currency Exchange Rates Use

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Title Supreme Court: Guidelines on Foreign Currency Exchange Rates Use

Law: Ppa Memorandum Circular No.05-2005

Decision Date: Apr 11, 2005

The PPA Memorandum Circular No. 05-2005 establishes uniform guidelines for applying foreign currency exchange rates to dollar-denominated port charges, mandating the use of the prevailing US Dollar-Philippine Peso rate at invoice issuance and enforcing strict penalties on unpaid invoices.

foreign currency

currency exchange

peso value

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