Peso Rediscounting Rate

19 August 2004 Mr. Senen D. Glorioso President Rural Bankers Association of the Philippines RBAP Bldg., A. Soriano Ave., cor. Arzobispo St. Intramuros, 1000 Manila Dear Mr. Glorioso: In accordance with Bangko Sentral ng Pilipinas (BSP) Circular No. 411 dated 29 October 2003, we wish to inform you that effective 4 December 2004, the peso …

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