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Forex

A hand holding a miniature globe to illustrate how BSP enhancing Forex regulations can ensure financial stability

BSP introduces essential FX regulations to further strengthen financial stability in PH this 2024

The Monetary Board has approved significant amendments to foreign exchange (FX) regulations, a strategic move by the Bangko Sentral ng Pilipinas (BSP) aimed at enhancing the accuracy and relevance of FX transaction data. In a media advisory, the BSP announced that this new initiative is expected to promote price stability and ensure robust financial oversight […]

Photo showing the exchange of US dollars into Philippine Pesos

BSP issues public advisory on exchanging foreign currencies

​Are you one of those who recently received a call or text message from someone saying that “US Dollar [bank]notes with stamps (money changer) may only be accepted until today, March 12” — or on any other specified date for that matter? IMAGE CREDIT: https://www.shutterstock.com/ The Bangko Sentral ng Pilipinas (BSP) has recently issued an […]