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PD 1827 Section 21

PD 1827 Section 21

Section 21

SEC. 21. Section 122 of the same Act is hereby amended to read as follows: "SEC. 122. Issue of Government Obligations.—The issue of securities representing obligations of the Government, its political subdivisions or instrumentalities, shall be made through the Central Bank, which shall act as agent of, and for the account of, the Government or its respective subdivisions or instrumentality, as the case may be: Provided, however, That the Bank shall not guarantee the placement of said securities and shall not subscribe to their issue except to replace its maturing holdings of securities with the same type as the maturing securities."

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Other provisions in PD 1827

Compiled from an official source version. Later amendments or repeals may not be reflected; the official text prevails. · Read the official text ↗ · Data as of July 4, 2026

CitationPD 1827 Section 21 (LawPlayer, data as of July 4, 2026)

Source: Supreme Court E-Library, Republic of the Philippines. Philippine laws are public documents (works of the government).

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