BSP Circular Letters BSP Circular Letter No. CL12081994BSP Circular Letter No. CL12081994 1994-12-08T00:00:00.000+08:00
To lift the requirements under Circular-Letter dated June 9, 1994
CIRCULAR LETTER Series of 1994
Please be advised that the Monetary Board, under its Resolution No. 1179 dated November 24, 1994, decided to lift the requirements under Circular-Letter dated June 9, 1994 on:
1. The yearly ceiling of US $50,000 per individual for automated tellering machines and credit cards availments; and
2. The requirement for banks to report availment through these facilities two days after the occurrence of each transaction in a prescribed form.
This Circular-Letter shall take effect immediately.
GABRIEL C. SINGSON Governor
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