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PD 1937 Section 10

Section 10

SEC. 10. Section 43 of the same Act is hereby amended to read as follows; "SECTION 43. Extraordinary expenses of currency issue and monetary stabilization.—The Monetary Board may, whenever it deems it adviseable, exclude from the computation of the annual profits and losses of any given fiscal year all or part of the following extraordinary expenses incurred during that year: "(a) Extraordinary costs of printing notes or of minting coins; "(b) Extraordinary expenditures arising from the issue and service of the evidences of indebtedness to which reference is made in Section 98; "(c) Interests paid on bank reserves which exceed fifty percent (50%) of bank deposits, in conformity with the provisions of Section 101, last paragraph, of this Act, and interests paid on deposits maintained with the Central Bank in accordance with the provisions of the second paragraph of

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Other provisions in PD 1937

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 1937 Section 10 (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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