RA 265 Section 82

Regulation of non-spot exchange transactions.

Section 82

SEC. 82. Regulation of non-spot exchange transactions.— In order to restrain the banks from taking speculative positions with respect into future fluctuations in foreign exchange rates, the Monetary Board may issue such regulations governing bank purchases and sales of non-spot exchange as it may consider necessary for said purpose.

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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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