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RA 265 Section 65

Definition of the money supply.

Section 65

SEC. 65. Definition of the money supply.— For the purposes of this section, and of this Act, the money supply is defined as consisting of all holdings of domestic currency and deposit money with the exception of such holdings by the Government and by banks having checking deposit liabilities in domestic currency. The statistics prepared by the Central Bank on the volume of the money supply shall be based cm this definition to the extent that available data permit.

Read the full instrument → · Open the chapter this section belongs to: CHAPTER III.—GUIDING PRINCIPLES OF MONETARY ADMINISTRATION BY THE CENTRAL BANK →

Compiled from an official source version. Later amendments or repeals may not be reflected; the official text prevails. · Read the official text ↗

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

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