ChanRobles Virtual law Library
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A collection of Philippine laws, statutes and codes not included or cited in the main indices of theChan Robles Virtual Law Library This page features the full text of Presidential Decree No. 1801 ESTABLISHING THE CENTRAL BANK OF THE PHILIPPINES AS THE CENTRAL MONETARY AUTHORITY. .chan robles virtual law library PRESIDENTIAL DECREE NO. 1801 .chan robles virtual law libraryWHEREAS, the Constitution provides that the National Assembly shall establish a central monetary authority which shall provide policy direction in the areas of money, banking and credit;.chanrobles virtual law library https://chanrobles.com/presidentialdecreeno902-a.htm WHEREAS, until the National Assembly shall otherwise provide, the Central Bank of the Philippines, operating under existing laws, shall function as the central monetary authority; .chanrobles virtual law library NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Philippines, by virtue of the powers vested in me by the Constitution, do hereby order and decree:chanroblesvirtuallawlibrary.chanrobles virtual law library Section 1. The Central Bank of the Philippines is hereby constituted as the central monetary authority pursuant to Section 14, Article XV of the Constitution. It shall provide policy direction in the areas of money, banking and credit and shall have supervisory authority over the operations of banks and exercise such regulatory authority as may be provided by law over the operations of non-bank financial intermediaries. Sec. 2. This Decree shall take effect immediately..chanrobles virtual law library Done in the City of Manila this 16th day of January, in the year of Our Lord, nineteen hundred and eighty-one..chanrobles virtual law library Back to Top - Back to Main Index - Back to Home |
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