BSP Circulars BSP Circular No. 1162BSP Circular No. 1162 2022-12-01T00:00:00.000+08:00

Legal Tender Limit of Philippine Coins for Single Transaction

BANGKO SENTRAL NG PILIPINAS OFFICE OF THE GOVERNOR CIRCUIAR NO. Series of 2022 Subjecu Legal Tender Limit of trhilippine Coins for Single Transaction Pu rsu a nt to Section 52 of Repu bl ic Act (" R.A.") No. 7653 (otherwise known as, "The New Central Bank Act"), as amended by R.A" No.ll2ll, the legal tender limit for coins is set, as follows. Coln Dcnominltlon Limit lin PhP) o.ot 200 o.05 200 o.10 2o0 o.25 200 t.oo 2,OOO 5.OO 2,OOO to.oo 2,OOO 20.oo 2,OOO The legal tender limit for single transaction of coins does not preclude transactions above the stated coin limit so long as both parties have prior and mutual agreement. This Circular shall take eftect after fifteen ('15) days following its publication in the OfficialCazette or in a newspaper of generalcirculation, and supersedes BSP Circular No.537. Series of 2006. FOR THE MONETARY BOARD: EDUARDO QaOeten {-a|> Officer-in-Charge (Per Office Order Na.E72 Series ol 20221 ot f2,q&,^zozz

Open the source record ↗

More in BSP Circulars

Want an analysis of this document?

Ask ASG Legal AI to summarize it, compare it with other rulings, or explain how it applies to your situation — it researches from this same library.