Regulatory Alerts2024-05-24
CL-2024-025: Electronic submission of applications and requests to the Bangko Sentral ng Pilipinas – International Operations Department
The Bangko Sentral ng Pilipinas mandates that all applications and requests related to foreign exchange transactions under the FX Manual be submitted electronically to the International Operations Department. The circular specifies distinct email addresses for public and private sector foreign currency loans, inward foreign investments, and other general requests. Additionally, requests for authority to cross-border transfer legal tender Philippine currency exceeding PHP 50,000.00 must be directed to the designated loans email address.
BANGKO SENTRAL NG PILIPINAS OFFICE OF THE DEPUW GOVERNOR I MONETARY AND ECONOMICS SECTOR CIRCULAR LETTER NO. CL-2O24-O25' To : All Authorized Agent Banks (AABs)/Subsidiary/Affiliate Forcign Exchange Corporations of AABs (AAB Forex Corps) and All Concerned : Electronic submission of applications and requests to the Bangko Sentral ng Pilipinas - lnternational Operations Department (BSP-IOD) Subject Pursuant to item 4 of Part One, Chapter | (General Provisions) of the Manual of Flegulations on Foreign Exchange Transactions (FX Manual), as amended, it is hereby emphasized that applications and requests related to FX transactions covered by the FX Manual shall be sent to BSP-lOD through electronic means as follows: Appl ications/hequests Email addresses For public sector foreignfforeign currency loans/borrowings iod-iogl@bsp.9ov.ph For private sector foreignforeign currency loans/borrowings iod_loans@bsp.gov.ph For inward foreign investments iod_i nvestments@bsp.gov.ph For other requestsd Head of the BSP-IOD at iod-ipds@bsp.qov.ph For guidance and implementation. 4 4a@i% I FRANC]SCO Deputy p,ep8 G. DAKILA, JR. Governor ]l- r.n"v 2024 "/ Flequests for authority for cross-border transfer of legal tender Philippine currency in excess of PHPSo,OOo.OO shall be sent to iod:loans@bsp.gov.ph.