Section 11 of the same Act is hereby amended to read as follows: "SEC. 11. Meetings.
Section 3
SEC. 3. Section 11 of the same Act is hereby amended to read as follows: "SEC. 11. Meetings. - The Monetary Board shall meet at least once a week. The Board may be called to a meeting by the Governor of the Bangko Sentral or by two (2) other members of the Board. "The presence of four (4) members shall constitute a quorum: Provided, That in all cases the Governor or his duly designated alternate shall be among the four (4) members. "Unless otherwise provided in this Act, all decisions of the Monetary Board shall require the concurrence of at least four (4) members. "The Bangko Sentral shall maintain and preserve a complete record of the proceedings and deliberations of the Monetary Board, including the tapes and transcripts of the stenographic notes, either in their original form or in microfilm. "The meetings of the Monetary Board may be conducted through modern technologies such as, but not limited to, teleconferencing and videoconferencing."