BSP eases bank access to cash during calamities

MANILA, Philippines – The Bangko Sentral ng Pilipinas (BSP) has approved a temporary relief measure allowing banks that are not yet registered in the payment and currency management systems to withdraw cash directly during calamities and emergencies. This access to cash from the central bank aims to ensure that these banks can meet currency needs when normal systems are disrupted. READ: bsp-ready-to-provide-liquidity-support-amid-energy-shocks In a memorandum dated April 29, the BSP said the policy—effective until Dec. 31, 2027—would allow banks that are not enrolled in the Philippine Payment and Settlement System Plus and/or the Integrated Currency Management System to withdraw currency […]... Keep on reading: BSP eases bank access to cash during calamities

Go to News Site