In line with the thrust of the Bangko Sentral ng Pilipinas (BSP) to promote a policy environment that is market-oriented and supportive of the Philippine economy’s sustained expansion, the BSP, through the International Operations Department (IOD), ensures that the country’s foreign exchange (FX) regulatory framework remains appropriate for the needs of a dynamic and expanding economy.

The BSP has undertaken various liberalization measures to ease FX rules to facilitate the FX transactions by banks, public and private corporates/entities, small and medium enterprises, overseas Filipinos, and the public in general.

The liberalization is being undertaken in a well-calibrated manner, giving due consideration to prevailing domestic and international economic and financial conditions, while ensuring that timely prudential mechanisms (e.g., documentary/reportorial requirements) and safeguard measures remain in place to allow the BSP to:

  1. adopt necessary measures to address any perceived emerging concern/problem; and
  2. maintain its ability to capture timely, reliable and comprehensive data for its various needs, such as policy review and formulation, analysis of trends and developments (e.g., volatility in capital flows), statistics and report generation.

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Office of the Senior Director
International Operations Department
International Monetary Affairs and Surveillance Sub-Sector
Trunkline No.: 8708.7701
Local: 3060

Area of Concern Contact Details
Public loans/borrowings International Operations Group I Tel. No.: 5306-2540
Private loans/borrowings International Operations Group II Tel. No.: 5306-2525
Investments International Operations Group III Tel. No.: 5306-2870
Policy International Policy Development Staff Tel. No.: 5306-3092/ 5306-2115
External Debt Data and Statistics Standards and Data Control Group Tel. No.: 5306-2532