Revocation of BSP Circular 1164, foreign currency debt purchase

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BSP CIRCULAR NO. 1342 S. 1992: Revocation of BSP Circular 1164, foreign currency debt purchase

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Title Supreme Court: Revocation of BSP Circular 1164, foreign currency debt purchase

Law: Bsp Circular No. 1342 S. 1992

Decision Date: Jun 23, 1992

BSP Circular No. 1342, effective June 23, 1992, revokes previous regulations, allowing foreign currency deposit units of local banks to purchase Philippine debt papers without prior Central Bank approval, while mandating weekly transaction reports and imposing penalties for non-compliance.

revocation

circular

foreign currency

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