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Philippine Monetary Aggregates
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Philippine Monetary Aggregates

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Questions and Answers

What is the primary goal of the Bangko Sentral in managing its foreign asset position?

  • To have equivalent foreign exchange assets and liabilities
  • To maintain a net positive foreign asset position (correct)
  • To ensure gross foreign exchange liabilities exceed gross foreign exchange assets
  • To maintain a net negative foreign asset position

    • What happens if the equivalent amount in pesos of the foreign exchange liabilities of the Bangko Sentral exceeds twice the equivalent amount in pesos of the foreign exchange assets?

  • The Bangko Sentral will submit a report to the Congress within 60 days (correct)
  • The Bangko Sentral will impose emergency restrictions on exchange operations
  • The Bangko Sentral will pay off the liabilities within 30 days
  • The Bangko Sentral will submit a report to the Congress immediately

    • What is the purpose of the report submitted by the Bangko Sentral to the Congress?

  • To explain the origin of the liabilities and the plan to pay them off (correct)
  • To request additional funding
  • To announce the maintenance of a net positive foreign asset position
  • To justify the imposition of emergency restrictions

    • What is the consequence of the Bangko Sentral's foreign exchange liabilities exceeding twice its foreign exchange assets?

    <p>The Bangko Sentral must submit a report to the Congress</p> Signup and view all the answers

    What is the primary responsibility of the Bangko Sentral in managing its foreign exchange assets and liabilities?

    <p>To maintain a stable foreign asset position</p> Signup and view all the answers

    Under what circumstances may the Bangko Sentral impose emergency restrictions on exchange operations?

    <p>During times of economic crisis or instability</p> Signup and view all the answers

    What is the timeframe for the Bangko Sentral to submit a report to the Congress in the event of exceeding the foreign exchange liability limit?

    <p>60 days</p> Signup and view all the answers

    What is the significance of the foreign exchange liability limit in the management of the Bangko Sentral's foreign asset position?

    <p>It triggers the submission of a report to the Congress when exceeded</p> Signup and view all the answers

    What is the purpose of maintaining a net positive foreign asset position?

    <p>To ensure financial stability and confidence in the economy</p> Signup and view all the answers

    What is the relationship between the Bangko Sentral's foreign exchange assets and liabilities when the foreign exchange liability limit is exceeded?

    <p>The foreign exchange liabilities are twice the foreign exchange assets</p> Signup and view all the answers

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