The Bangko Sentral ng Pilipinas (BSP) is considering a further easing of foreign exchange (FX) rules, Inquirer.net reports. The existing FX rules may be expanded to include other currency transactions. The recent depreciation of the peso and the fall in stock prices in the past few weeks have led to the consideration of liberalization. The Philippines central bank expects the move to help curb the volatility of the peso.
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