Foreign exchange sales made through international ATMs and Credit Cards
CIRCULAR LETTER Series of 1994
TO : All Authorized Agent Banks Which Allow Drawings in Foreign Exchange Against Their International ATMs and Credit Cards Payable in Pesos
All foreign exchange sales made through international ATMs and Credit Cards shall be reported to the Foreign Exchange Department (FED) within two (2) banking days after the occurrence of the transaction as an attachment to IOS Form No. 1 — Consolidated Foreign Exchange Assets and Liabilities.
Availments per person per annum shall be limited to US$50,000.
This Circular Letter shall take effect immediately.
GABRIEL C. SINGSON Governor
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