PD 72 Section 54

Section 54

SEC. 54. Section one hundred seven of the same Act is hereby amended to read as follows: "SEC. 107. Interbank settlements. — The Central Bank shall establish nationwide facilities to provide interbank clearing at no cost to the banks. "The deposit reserves maintained by the banks in the Central Bank, in accordance with the provisions of Section 100, shall serve as a basis for the clearing of checks and the settlement of interbank balances, subject to such rules and regulations as the Monetary Board may issue with respect to such operations."

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Other provisions in PD 72

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 72 Section 54 (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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