BSP prohibits foreign funds from being parked in SDA

BSP prohibits foreign funds from being parked in SDA

Manila : Philippines | Jul 08, 2012 at 7:57 AM PDT
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PhilippinesThe Bangko Sentral ng Pilipinas has prohibited banks from putting funds owned by their foreign clients in the special depository account (SDA) facility, in a bid to arrest currency speculation that has been blamed for the recent appreciation of the peso. FULL ARTICLE AT
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