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Sep 12, 2017 @ 12:43

BSP suspends FX trading due to typhoon Lannie, Maring


Financial markets were closed on Tuesday after work in government offices were cancelled.

The Bangko Sentral ng Pilipinas (BSP) suspended currency trading operations on Sept. 12 following Malacañang’s announcement of work suspension all over Metro Manila.

“Following the announcement by Malacañang of work suspension in government offices in Metro Manila, the Bangko Sentral ng Pilipinas said clearing operations for
today, September 12 are hereby suspended. Under BSP guidelines, clearing operations are suspended if work suspension is announced before 9 am,” the BSP said in a statement that morning.

Trading, clearing and settlement operations for fixed income and repurchase deals are also suspended for the day, according to the website of the Philippine Dealing System.

The peso closed at P50.905 versus the dollar on Monday.

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