BSP plans to fully liberalize FX rules in time 1 SHARES Share it! This is where the BSP will counteract with macroprudential measures to lessen the risks, and to ensure a stable FX market. The FX liberalization will be limited to private sector funds. “We have to align these two markets.”Since 2007, the BSP has implemented 10 major FX liberalization moves to relax the rules and this resulted to the expansion of the capital markets. The last FX rules relaxation was in May this year when the BSP liberalized the rules governing the conversion of foreign currency loans granted by banks to peso loans, and transfer of such loans.

Source: Manila Bulletin August 30, 2018 13:52 UTC