RA 7653 Section 19

Authority of the Governor in Emergencies.

Section 19

SEC. 19. Authority of the Governor in Emergencies. — In case of emergencies where time is insufficient to call a meeting of the Monetary Board, the Governor of the Bangko Sentral, with the concurrence of two (2) other members of the Monetary Board, may decide any matter or take any action within the authority of the Board. The Governor shall submit a report to the President and Congress within seventy-two (72) hours after the action has been taken. At the soonest possible time, the Governor shall call a meeting of the Monetary Board to submit his action for ratification.

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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 ↗ · Data as of July 4, 2026

CitationRA 7653 Section 19 (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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