BSP holds info drive on FX regulations

Bangko Sentral ng Pilipinas Director Jodeth Niña R. Yeung (left) speaks to stakeholders during a nationwide information drive held this year in Davao, Naga, Cebu, Iloilo, Lucena, Tacloban, Bacolod, and Cabanatuan. During the sessions, Director Yeung explained how the BSP has simplified FX procedures and streamlined the registration process for certain foreign investments, as well as recent reforms in the FX derivatives market. The briefings support the BSP’s ongoing efforts to liberalize and clearly communicate the FX regulatory environment to local banks, industry associations, and exporters. Right photo above and photos below show the participants from the locations covered by the briefings.