Regulatory Alerts2026-04-29
Guidelines on Temporary Measure Allowing Banks to Withdraw Currency Directly from BSP During Calamity and Emergency Situations
The Bangko Sentral ng Pilipinas issued guidelines permitting banks not registered in PhilPaSS and/or ICMS to withdraw currency directly from BSP regional offices during declared calamities or emergencies until December 31, 2027. Banks must submit specific authorization documents, including Board resolutions and specimen signatures, to the Regional Operations Sub-Sector to establish approval rules and withdrawal limits for their currency servicing units. The measure outlines detailed procedures for transaction processing, operating hours, and applicable service fees while waiving cancellation penalties to ensure liquidity access during disruptions.
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