BSP to simplify foreign investors’ forex sourcing

MANILA, Philippines —The Bangko Sentral ng Pilipinas (BSP) plans to finalize within the year a policy framework that simplifies the requirements for nonresident investors to buy foreign exchange from the local banking system, a top official said. Anita Linda Aquino, member of the policymaking Monetary Board, said she had recommended late last year the lifting
Read The Rest at :