BSP CIRCULAR LETTER, APRIL 5, 2002, April 05, 2002
INDEFINITE EXTENSION OF THE ONE-BANKING DAY LAG FOR CASH VAULT (CIV)
National Administrative Register April 5, 2002
The Monetary Board in its Resolution No. 456 dated March 25, 2002 has approved the indefinite extension of the one-banking day lag for Cash in Vault (CIV) as a component of Available Reserves for the purpose of determining compliance with the minimum reserve requirement.
Please be guided accordingly.
Adopted: 05 April 2002
(SGD.) RAFAEL B. BUENAVENTURA
Governor
Governor