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Conversion of Qatari Riyal (QAR) to Philippine Pesos (PHP)

09.15.2017

The BSP issued a statement today clarifying that it has not issued any policy prohibiting the exchange of QAR for PHP through banks, money changers (MCs) and foreign exchange (FX) dealers.  The BSP also clarified that acceptance of the QAR (or any other foreign currency) has always been a business decision of banks, MCs and FX dealers. 

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