Bangko Sentral Monetary Policy

The Monetary Board is required to hold the foreign exchange resources of the Bangko Sentral in non-convertible currencies.

The Bangko Sentral's international reserves may include foreign notes and coins.

The Bangko Sentral is prohibited from converting its international reserves into other assets.

The international reserves of the Bangko Sentral may include demand deposits in commercial banks within the Philippines.

The Monetary Board has the authority to issue regulations determining the qualifications for foreign exchange assets to be included in the international reserves.

The Bangko Sentral has a section dedicated to International Monetary Stabilization.

The Bangko Sentral's primary goal is to maintain the value of the peso for investment purposes.

The Monetary Board is guided by the prospective receipts and payments of foreign exchange by the Philippines in judging the adequacy of the international reserves.

The Bangko Sentral maintains international reserves to meet unforeseen net demands on the Bangko Sentral for foreign currencies.

The volume and maturity of the foreign exchange assets and liabilities of other banks operating in the Philippines are not considered in judging the adequacy of the international reserves.

The Bangko Sentral's primary objective is to stabilize the domestic currency for the purpose of domestic trade.

The composition of the international reserves is determined by the Bangko Sentral's own liabilities in foreign currencies.

The Monetary Board takes remedial measures only when the international reserve falls to a level that is considered inadequate to meet prospective net demands on the Bangko Sentral for foreign currencies.

The Monetary Board submits a report to the President of the Philippines and to Congress only when the international reserve is falling as a result of payments or remittances abroad.

The Monetary Board is responsible for implementing fiscal policies to address the decline in international reserves.

The Monetary Board's report to the President of the Philippines and to Congress includes a description and analysis of the character and extent of the cooperation required from other government agencies.

The Monetary Board's primary objective is to manage the balance of payments.

The Monetary Board has the power to implement remedial measures to address the decline in international reserves.