Ceiling on dollar purchases doubled

[OceanBreeze]

The central bank yesterday doubled the ceiling on foreign currencies a resident may buy from banks from $30,000 to $60,000, one of five measures intended to ease the outflow of foreign exchange.

The Monetary Board also increased the ceiling of $200 to $5,000 for foreign exchange that departing tourists or balikbayans may reconvert at airports or other ports of exit without need for proof of sale of FX for pesos.

Full article here: http://www.malaya.com.ph/10292010/busi1.html