Central Bank of the Philippines requires electronic filing of foreign exchange transaction submissions to its International Operations Department from 15 December 2025

The Central Bank of the Philippines (BSP) issued a circular letter requiring applications, requests, and other requirements on foreign exchange transactions covered by the Manual of Regulations on Foreign Exchange Transactions (FX Manual) that are submitted to the BSP International Operations Department to be filed through electronic means from 15 December 2025. Email submission will apply to approvals of public sector foreign borrowings and foreign currency loans from authorized agent banks, approvals of publicly guaranteed private sector foreign borrowings and foreign currency loans, notices to the BSP for purely private sector foreign borrowings (including notices by authorized agent banks and non-bank financial institutions with quasi-banking functions), prior notice on foreign exchange purchases for outward investments above the USD 60 million annual threshold, authority requests for cross-border transfers of Philippine legal tender above PHP 50,000, and other requests. Registration of inward investments under Section 36 of the FX Manual will be submitted through the Foreign Loans and Investments Management System, Investment Module (FLIMS-IM). The circular also notes that supporting documents submitted to authorized agent banks or their foreign exchange corporations will follow the manner prescribed by those institutions, that FX reportorial requirements remain governed by Sections 101 and 102 and Appendix 22 of the FX Manual, and that it supersedes Circular Letter No. CL-2025-022. Operational guidelines for submissions through FLIMS-IM and related requests will be covered by a separate issuance.