{"id":135207,"date":"2021-08-11T13:59:16","date_gmt":"2021-08-11T13:59:16","guid":{"rendered":"https:\/\/precoinnews.com\/?p=135207"},"modified":"2021-08-11T13:59:16","modified_gmt":"2021-08-11T13:59:16","slug":"philippines-c-bank-to-further-ease-foreign-exchange-rules","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/markets\/philippines-c-bank-to-further-ease-foreign-exchange-rules\/","title":{"rendered":"Philippines c.bank to further ease foreign exchange rules"},"content":{"rendered":"

MANILA, Aug 11 (Reuters) – The Philippine central bank said on Wednesday it would ease foreign exchange rules by streamlining documentary requirements and approvals for transactions to facilitate digital payments and support the government\u2019s infrastructure programme.<\/p>\n

The measures, which will take effect 15 days after their publication, are part of a wider liberalisation programme it rolled out in past years to make regulations more in tune with the needs of the economy.<\/p>\n

The central bank said it would allow banks to sell foreign exchange without prior approval for some transactions, including importation of goods with services covered by building contracts for large-scale projects and digital payments.<\/p>\n

The same would apply for transactions involving living allowance and medical expenses of dependents abroad, among other non-trade current account transactions, the central bank said in a statement bit.ly\/3iymiIF.<\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

MANILA, Aug 11 (Reuters) – The Philippine<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23054],"tags":[],"yoast_head":"\nPhilippines c.bank to further ease foreign exchange rules - Pre Coin News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/precoinnews.com\/markets\/philippines-c-bank-to-further-ease-foreign-exchange-rules\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Philippines c.bank to further ease foreign exchange rules - Pre Coin News\" \/>\n<meta property=\"og:description\" content=\"MANILA, Aug 11 (Reuters) – The Philippine\" \/>\n<meta property=\"og:url\" content=\"https:\/\/precoinnews.com\/markets\/philippines-c-bank-to-further-ease-foreign-exchange-rules\/\" \/>\n<meta property=\"og:site_name\" content=\"Pre Coin News\" \/>\n<meta property=\"article:published_time\" content=\"2021-08-11T13:59:16+00:00\" \/>\n<meta name=\"author\" content=\"mediabest\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"mediabest\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/precoinnews.com\/markets\/philippines-c-bank-to-further-ease-foreign-exchange-rules\/\",\"url\":\"https:\/\/precoinnews.com\/markets\/philippines-c-bank-to-further-ease-foreign-exchange-rules\/\",\"name\":\"Philippines c.bank to further ease foreign exchange rules - 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