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(NAR) VOL. 6 NO. 1 / JANUARY - MARCH 1995
[ BSP CIRCULAR LETTER, December 08, 1994 ]
LIFT THE REQUIREMENTS UNDER CIRCULAR-LETTER DATED JUNE 9, 1994
Please be advised that the Monetary Board, under its Resolution No. 1179 dated November 24, 1994, decided to lift the requirements under Circular-Letter dated June 9, 1994 on:
1. The yearly ceiling of US $50,000 per individual for automated tellering machines and credit cards availments; and
2. The requirement for banks to report availment through these facilities two days after the occurrence of each transaction in a prescribed form.
This Circular-Letter shall take effect immediately.
Adopted: 8 Dec. 1994
(SGD.) GABRIEL C. SINGSON
Governor