Section 1
SECTION 1. Section two of Republic Act Numbered Two hundred and sixty-five is hereby amended to read as follows: "SEC. 2. Responsibilities and objectives. — It shall be the responsibility of the Central Bank of the Philippines to administer the monetary, banking, and credit system of the Republic. "It shall be the duty of the Central Bank to use the powers granted to it under this Act to achieve the following objectives: "(a) Primarily to maintain internal and external monetary stability in the Philippines, and to preserve the international value of the peso and the convertibility of the peso into other freely convertible currencies; and "(b) To foster monetary, credit and exchange conditions conducive to a balanced and sustainable growth of the economy."