BSP Circulars BSP Circular No. 1325BSP Circular No. 1325 1992-01-29T00:00:00.000+08:00

Interest Rate on Foreign Currency Deposits of Banks with the Central Bank Under the Foreign Exchange Clearing and Settlement System

CBP CIRCULAR NO. 1325 Series of 1992

INTEREST RATE ON FOREIGN CURRENCY DEPOSITS OF BANKS WITH THE CENTRAL BANK UNDER THE FOREIGN EXCHANGE CLEARING AND SETTLEMENT SYSTEM

The application interest rate on foreign currency deposits of banks with the Central Bank under the Foreign Exchange Clearing and Settlement System, as provided under Circular No. 1300 dated 29 July 1991, is hereby adjusted from 4% p. a. to 2-½% p.a., effective 31 January 1992.

This Circular shall take effect on 31 January 1992.

JOSE L. CUISIA, JR. Governor

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