Section 2
SEC. 2. All laws, decrees, executive orders, rules and regulations, or part thereof, inconsistent with this Decree are hereby repealed, amended or modified accordingly. This Decree shall take effect immediately. Done in the City of Manila, this 22nd day of October, in the year of Our Lord, nineteen hundred and seventy-three. (Sgd.) FERDINAND E. MARCOS President Republic of the Philippines By the President: (Sgd.) ROBERTO V. REYES Assistant Executive Secretary The Central Bank of the Philippines issued Circular No. 385, dated November 2, 1973, circularizing to all banks the contents of Sections 1 and 2 of Presidential Decree No. 315.