BSP CIRCULAR LETTER, February 07, 2003

[ BSP CIRCULAR LETTER, February 07, 2003 ]

SALES OF FOREX SUBJECT TO DOCUMENTARY REQUIRE UNITS

This is to remind all concerned that sales of foreign exchange are subject to the documentary requirements under the attached Circular Letters dated August 9, 2001 and January 24, 2002.

Violations of the aforesaid Circular Letters will be dealt with accordingly. Adopted: 7 Feb. 2003

(SGD.) ALBERTO V. REYES Officer-in-Charge