AUTHORIZING THE CENTRAL BANK OF THE PHILIPPINES TO ESTABLISH AND OPERATE A SECURITY PRINTING PLANT FOR THE PRINTING OF BANK NOTES AND FOR OTHER PURPOSES.

• Number: Presidential Decree No. 484
• Sections: 4

Preamble

WHEREAS, pursuant to Republic Act No. 4700, as amended by

Republic Act No. 5183, entitled "An Act Providing for the Acquisition

and Operation of a National Security Printing Plant and for Other

Purposes," the printing of bank notes, among other security printing

jobs enumerated therein, shall be undertaken by the National Treasurer;

WHEREAS, to date, the said national security printing plant,

which should have become operational a few years ago pursuant to the

said Act, has not been established;

WHEREAS, considering its responsibility and authority over

the currency issue of the country, in conjunction with its other

functions and objectives, it is deemed appropriate that the Central Bank

of the Philippines establish and operate the security printing plant

for the printing of bank notes;

NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the

Philippines, by virtue of the powers in me vested by the Constitution,

do hereby decree and order the following:

Section 1

SECTION 1. The Central Bank of the Philippines is hereby

authorized to operate a security printing plant for the printing of bank

notes, as well as to undertake such other security printing work as the

facilities of the plant would permit.

Section 2

SEC. 2. All acts, laws, executive orders, rules and

regulations, or parts thereof, inconsistent with any of the provisions

of this Decree are repealed or modified accordingly.

Section 3

SEC. 3. This Decree shall take effect immediately.

Done in the City of Manila, this 18th day of June, in the year of

Our Lord, nineteen hundred and seventy-four.

(Sgd.)

FERDINAND E. MARCOS

President of the Philippines

By the President:

(Sgd.)

ALEJANDRO MELCHOR

Executive Secretary