(NAR) VOL. 11 NO.3 / JULY – SEP. 2000
However, foreign exchange paid-in capital and remittances should be converted into Philippine Peso if the foreign stockholders want their investments to be registered with the Bangko Sentral ng Pilipinas.
Previous circulars, orders and issuances inconsistent with this Memorandum Circular are hereby repealed or modified accordingly.
This Memorandum Circular shall take effect immediately.
Adopted: 17 June 2000
(SGD.) LILIA R. BAUTISTA
Chairman