BSP Circulars BSP Circular No. 6BSP Circular No. 6 1993-09-30T00:00:00.000+08:00

To defer the scheduled reduction of the reserve requirement to twenty-one percent (21%) by end September 1993

BSP CIRCULAR NO. 6 Series of 1993

The Monetary Board, in its Resolution No. 294, dated September 22, 1993, decided to defer the scheduled reduction of the reserve requirement to twenty-one percent (21%) by end September 1993 as contained in Circular No. 1395, dated July 5, 1993.

This Circular shall take effect immediately.

For the Monetary Board

EDGARDO P. ZIALCITA Officer-in-Charge

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