Back

The New Central Bank Act (as amended)

THE NEW CENTRAL BANK ACT

R.A. No. 7653 (amended by R.A. No. 11211) | 1993-06-14

REPUBLIC OF THE PHILIPPINES
Congress of the Philippines
Metro Manila
 
REPUBLIC ACT No. 7653
(as amended by REPUBLIC ACT No. 11211)
 
THE NEW CENTRAL BANK ACT
 
CHAPTER I — ESTABLISHMENT AND ORGANIZATION OF THE BANGKO SENTRAL NG PILIPINAS
 
ARTICLE I
CREATION, RESPONSIBILITIES AND CORPORATE POWERS OF THE BANGKO SENTRAL
 
Section 1. Declaration of Policy. - The State shall maintain a central monetary authority that shall function and operate as an independent and accountable body corporate in the discharge of its mandated responsibilities concerning money, banking and credit. In line with this policy, and...