MikeLigalig.com

QuoteThe 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.

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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.