January 10, 2019 / 9:08 AM / 2 months ago

Philippine c.bank further eases forex rules

MANILA, Jan 10 (Reuters) - The Philippine central bank on Thursday announced new rules aimed at liberalising access to foreign exchange from banks and streamlining procedures for FX transactions.

“The reforms will give investors greater flexibility to manage their investments and cash flows,” it said in a statement.

The new rules will take effect 15 banking days after publication in a newspaper with general circulation.

Reporting by Karen Lema; Editing by Nick Macfie

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