2025-05-19

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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, , ,.. It .* ~. BANGl<O SENTRAL NG PILIPINAS To All Authorized Agent Banks (AABs)/Subsidiary/A. ffiliate Foreign EXchange Corporations of AABS IAAB Forex Corps) and All Concerned Electronic Submission of Applications, Requests, and Other Requirements to the Bangko Sentral rig Pilipinas - International'Operations Department IBSP-100) Pursuant to Circular No. 12/2 dated n April2025 and item 4. a. Part One, Chapter I of the Manual of Regulations on Foreign EXchange Transactions (FX Manual), as amended. applications, requests, and other requirements relative to foreign eXchange transactions covered under the FX Manual shall be submitted to the BSP-100 through electronic means as follows effective 23 May 2025: OFFICEOF THE DEPUTY GOVERNOR IMONErAnvAND ECONOMICS SECTOR Subject CIRCULAR LETTER No. cL-2025-022 Public sector foreign/foreign currency loans/borrowin s Private sector foreign/foreign currency loans/borrowin s UnderI in transaction Inward and outward investments Authority for cross-border transfer of legal tender Philippine currency in excess of PHP50.000.00 . Other requests The date of implementation for the submission of applications for inward investments under Section 36.1 of the FX Manual and other related requests (Form W') through the BSP's online system as provided under Circular No. 12/2 shall be covered by a separate issuance. This hereby supersedes Circular Letter No. CL-2024-025 dated 24 May 2024. For guidance and implementation. iod-jogl@bsp. gov. ph iod_loans@bsp. gov. ph Email address iod_investments@bsp. gov. ph iod-jogl@bsp. gov. ph iod-ipds@bsp. gov, ph 19 May 2025 I Application for Registration of Foreign Investments (then Annex W of the FX Manual) ZENORO A D .ABENOJA De uty Governor ,