(NAR) VOL. 11 NO.1 / JANUARY – MARCH 2000
1. The interest rates for dollar and yen shall be reviewed and set every month, based on their respective LIBID rates for the last working day of the immediately preceding month: Provided that the bank's spread shall not exceed 2% p.a, after applicable taxes on foreign loans.
This Circular shall take effect immediately.
Adopted: 22 Feb. 2000
(SGD.) RAFAEL B. BUENAVENTURA
Governor