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RA 7653 Section 79

Other Exchange Profits and Losses.

Section 79

SEC. 79. Other Exchange Profits and Losses. — The banks shall bear the risks of noncompliance with the terms of the foreign exchange documents and instruments which they buy or sell, and shall also bear any other typically commercial or banking risks, including exchange risks not assumed by the Bangko Sentral under the provisions of the preceding section.

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Other provisions in CHAPTER II

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 7653 Section 79 (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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