PRESIDENTIAL DECREE NO. 484, June 18, 1974
AUTHORIZING THE CENTRAL BANK OF THE PHILIPPINES TO ESTABLISH AND OPERATE A SECURITY PRINTING PLANT FOR THE PRINTING OF BANK NOTES AND FOR OTHER PURPOSES.
Republic Act No. 5183, entitled “An Act Providing for the Acquisition
and Operation of a National Security Printing Plant and for Other
Purposes,” the printing of bank notes, among other security printing
jobs enumerated therein, shall be undertaken by the National Treasurer;
WHEREAS, to date, the said national security printing plant,
which should have become operational a few years ago pursuant to the
said Act, has not been established;
WHEREAS, considering its responsibility and authority over
the currency issue of the country, in conjunction with its other
functions and objectives, it is deemed appropriate that the Central Bank
of the Philippines establish and operate the security printing plant
for the printing of bank notes;
NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the
Philippines, by virtue of the powers in me vested by the Constitution,
do hereby decree and order the following:
SECTION 1. The Central Bank of the Philippines is hereby
authorized to operate a security printing plant for the printing of bank
notes, as well as to undertake such other security printing work as the
facilities of the plant would permit.
SEC. 2. All acts, laws, executive orders, rules and
regulations, or parts thereof, inconsistent with any of the provisions
of this Decree are repealed or modified accordingly.
SEC. 3. This Decree shall take effect immediately.
Done in the City of Manila, this 18th day of June, in the year of
Our Lord, nineteen hundred and seventy-four.
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(Sgd.)
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FERDINAND E. MARCOS | ||||||
| President of the Philippines | |||||||
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By the President: | ||||||
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(Sgd.)
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ALEJANDRO MELCHOR | ||||||
| Executive Secretary | |||||||