The Central Bank of the Philippines (Bangko Sentral ng Pilipinas, BSP) reported that it conducted six briefings on foreign exchange (FX) regulations across the country as part of an information campaign following a series of FX liberalisation reforms issued in recent years. The briefings started in June 2024 and were held in BSP branches in Batac, Zamboanga, Cagayan de Oro, Puerto Princesa, Dumaguete and Roxas, with participants including local banks’ representatives, industry associations, exporters and BSP branch personnel. The programme was spearheaded by the BSP’s International Monetary Affairs and Surveillance Sub-Sector and International Operations Department, and also covered recent economic developments and updates on Association of Southeast Asian Nations monetary and financial cooperation and integration; the BSP additionally ran virtual FX briefings at its head office on 02 to 03 October 2024 for banks’ compliance officers and industry association representatives.
Central Bank of the Philippines 2025-01-17
Central Bank of the Philippines completes six nationwide briefings on foreign exchange regulations following liberalisation reforms
The Central Bank of the Philippines (Bangko Sentral ng Pilipinas, BSP) conducted six briefings on foreign exchange regulations nationwide, following recent FX liberalisation reforms. These sessions, held from June 2024, included local banks, industry associations, and exporters, and covered economic developments and ASEAN monetary cooperation. Virtual briefings were also held in October 2024 for compliance officers and industry representatives.