My bookmarksSign up free

RA 7653 Section 131

Implementing Details.

Section 131

SEC. 131. Implementing Details. — The Bangko Sentral shall be made operational by the performance of the following acts: the President shall constitute the Monetary Board by appointing the members thereof within sixty (60) days from the effectivity of this Act; and the transfer of such assets and liabilities from the Central Bank to the Bangko Sentral as provided in Section 132 shall be completed within ninety (90) days from the constitution of the Monetary Board. All incumbent personnel in the Central Bank as of the date of the approval of this Act shall continue to exercise their duties and functions as personnel of the Bangko Sentral subject to the provisions of Section 133: Provided, That such personnel in the Central Bank as may be necessary for the purpose of implementing Section 132 may be assigned by the Bangko Sentral Monetary Board to the Central Bank.

Read the full instrument → · Open the chapter this section belongs to: CHAPTER II →

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 July 4, 2026

CitationRA 7653 Section 131 (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).

Continue your research