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RA 265 Section 45

Profits from recoinage or from reductions in the Bank's currency liabilities.

Section 45

SEC. 45. Profits from recoinage or from reductions in the Bank's currency liabilities.—Any profits arising from a remitting of coins or from a reduction in the currency liabilities of the Central Bank as a consequence of the loss, destruction or demonetization of notes and coins shall not be included in the computation of the annual profits of the Central Bank. Any such profits shall be used to reduce the Monetary Adjustment Account, the Account to Secure the Coinage, or the asset account Revaluation of International Reserve. The distribution of such profits among these accounts shall be determined by the Monetary Board. If none of said accounts exists, the profits to which this section refers shall be used to increase the resources of the Securities Stabilization Fund.

Read the full instrument → · Open the chapter this section belongs to: CHAPTER I.—Establishment and Organization the Central Bank of the Philippines →

Other provisions in CHAPTER I.—Establishment and Organization the Central Bank of the Philippines

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 2026-07-04

CitationRA 265 Section 45 (LawPlayer, data as of 2026-07-04)

Source: Supreme Court E-Library, Republic of the Philippines. Philippine laws are public documents (works of the government).

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