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GENERAL POLICY ON FOREIGN EXCHANGE TRANSACTIONS

GENERAL POLICY ON FOREIGN EXCHANGE TRANSACTIONS

General Policy on Foreign Exchange Transactions |

 
GENERAL POLICY ON FOREIGN EXCHANGE TRANSACTIONS
 
The regulations governing foreign exchange transactions are hereby consolidated in the Manual of Regulations on Foreign Exchange Transactions hereinafter referred to as the “Manual” which replaces Circular No. 1389 dated 13 April 1993, as amended.
 
The transactions of Authorized Agent Banks (AABs)/AAB-subsidiary/affiliate forex corporations (AAB-forex corps) must also comply with the provisions of existing laws, rules and regulations.
 
The sale of foreign exchange may be freely made: (1) between and among AABs; (2) by AAB-forex corps to AABs; and (3) by...