RA 11999 Section 23

Remittances.

Section 23

SEC. 23. Remittances. - In the case of foreign investments, a duly registered entity or enterprises within the BuZ shall have the right to remit earnings from the investment in the currency in which the investment was originally made and at the exchange rate prevailing at the time of remittance, subject to the provisions of Republic Act No. 7653, otherwise known as "The New Central Bank Act" as amended, the Manual of Regulations on Foreign Exchange Transactions of the BSP, and other relevant laws, rules, and regulations.

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CitationRA 11999 Section 23 (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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