Ceiling on dollar purchases doubled

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Ceiling on dollar purchases doubled

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October 31st, 2010

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Ceiling on dollar purchases doubled

Quote:

The central bank yesterday doubled the ceiling on foreign currencies a resident may buy from banks from $30,000 to $60,000, one of five measures intended to ease the outflow of foreign exchange.

Quote:

The Monetary Board also increased the ceiling of $200 to $5,000 for foreign exchange that departing tourists or balikbayans may reconvert at airports or other ports of exit without need for proof of sale of FX for pesos.

Full article: here

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