Bangko Sentral caps large-value cash transactions at P500,000
Rappler:
MANILA, Philippines – The Bangko Sentral ng Pilipinas (BSP) is setting a maximum limit of P500,000 for large-value cash transactions such as withdrawals and other payouts, the central bank announced on Friday, September 19. In a circular approved by the Monetary Board on Thursday, September 18, transactions P500,001 and above must be conducted through traceable channels such as checks, online…
