RA 265 Section 118

Official deposits.

Section 118

SEC. 118. Official deposits.—The Central Bank shall be the official depository of the Government and its political subdivisions and instrumentalities: Provided, however, That the Monetary Board may designate Government-owned banks and other banks incorporated in the Philippines to accept deposits from said entities, subject to such rules and regulations as the Board may prescribe.

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Other provisions in CHAPTER V.—FUNCTIONS AS FISCAL AGENT, BANKER AND FINANCIAL ADVISOR OF THE GOVERNMENT

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 118 (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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