Regulatory Alerts2025-05-19
CL-2025-022: Electronic Submission of Applications to the Bangko Sentral ng Pilipinas - International Operations Department
The Bangko Sentral ng Pilipinas mandates that all applications, requests, and requirements related to foreign exchange transactions be submitted electronically to the International Operations Department effective May 23, 2025. This directive, issued pursuant to Circular No. 12/2 dated April 2025, covers areas including public and private sector loans, investments, and cross-border currency transfers. The issuance supersedes Circular Letter No. CL-2024-025, although the implementation date for inward investment applications remains subject to a separate future issuance.
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