Peso Restrictions 'Should Not Have Major Effect' on Foreign Exchange Activity

CURRENCY NEWS

MANILA -- Philippine central bank regulations aimed at halting the depreciation of the peso will decrease currency trading between bank subsidiaries and Philippine residents, but should not affect commercial bank FX business in the Philippines, says Richard Franklin, regional head of global exotics at Standard Chartered bank in London.

The regulations, issued on October 26, require Philippine-based bank subsidiaries and other financial corporations trading foreign exchange with Philippine

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.fxweek.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a FX Week account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: