The Bangko Sentral ng Pilipinas (BSP) said it held six briefings on foreign exchange (FX) regulations across the country following a series of liberalization reforms.
It said the FX briefings, which kicked off in June 2024, were held in BSP branches in the cities of Batac, Zamboanga, Cagayan de Oro, Puerto Princesa, Dumaguete and Roxas and attended by local banks’ representatives, industry associations, exporters and BSP branch personnel.
The BSP’s International Monetary Affairs and Surveillance Sub-Sector and the International Operations Department spearheaded the campaign
It included presentations on recent economic developments and updates on Association of Southeast Asian Nations (ASEAN) monetary and financial cooperation and integration presented by the BSP’s Department of Economic Research and the International Relations and Surveillance Department, respectively.
The BSP said it also organized virtual FX briefings in the BSP Head Office on Oct. 2 to 3, 2024. The virtual briefings were attended by banks’ compliance officers and representatives of industry associations.
“The conduct of FX briefings is in line with the BSP’s thrust to proactively engage its stakeholders on FX market rules and reforms, as well as promote awareness and uniform understanding on FX policy and recent developments,” the BSP said.
