July 14, 2020
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The central bank of Philippines, the Bangko Sentral ng Pilipinas (BSP) has further eased the foreign exchange rules in a bid encourage the entry of foreign banks into the country. Amendments to the Manual of Rules on Foreign Exchange Transactions have been made to make it correspond with provisions of the Act Allowing the Full Entry of Foreign Banks in the Philippines.

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Related entities of Philippine banks are not allowed to hold bonds, commercial papers as well as long-term negotiable certificates of deposits, according to the Bangko Sentral ng Pilipinas.

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The Bangko Sentral ng Pilipinas did not issue this banknote and stressed that only 6 denominations are in current circulation (20-, 50-, 100-, 200-, 500- and 1000 pesos). The Facebook page of the BSP said that it was fake. The signature was also of former governor of the Bangko Sentral ng Pilipinas …

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Land Bank of the Philippines

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