(NAR) VOL. 10 NO. 3 / JULY - SEPTEMBER 1999
“SEC. 4-C. Foreign Exchange Buyers (FXBs) — Foreign Exchange Buyers are non-banks entities authorized by the Central Bank to engage in the buying of foreign exchange with pesos from the general public. They shall sell all their foreign exchange acquisitions to the Central Bank and/or any of its authorized agent banks for pesos within three (3) banking days after these are acquired.”Non-bank entities presently operating in the Metro Manila Area as money changers who wish to be licensed as Foreign Exchange Buyers under above-quoted provision of Circular No. 1028 may now submit their applications for such license with the Foreign Exchange Regulations Department of the Central Bank, thru the Metro Manila Association of Money Changers with offices at 1444 A. Mabini Street, Ermita, Manila.