Tuesday 18 September
Powered by Ajaxy
Dec 22, 2017 @ 13:20

No peso trading, check clearing on Dec. 26 & Jan. 2 — BSP

 

Financial markets will be enjoying the holiday break too.

There will be no trading, clearing and settlement operations on Dec. 26, 2017 and Jan. 2, 2018, the Bangko Sentral ng Pilipinas (BSP) announced on Friday, Dec. 22.

The central bank issued Memorandum 2017-037 to formally announce the market holiday on these dates, in keeping with President Rodrigo Duterte’s decision to keep the post-Christmas and post-New Year days a non-working day for government offices.

This means that there won’t be changes to the peso-dollar exchange rate on these dates coming from the rate set the previous Friday.

Checks coursed through banks would also not be cleared until the next working day. The Philippine Stock Exchange will also stay closed from the long weekend, and will reopen by Wednesday.

Tags: , , , , ,

Related Stories
CITY OF ILAGAN, Isabela -- The 70-billion-peso income from mining does not compensate for the
Transportation Secretary Art Tugade is planning to give incentives to Chelsea Logistics to revive the
Davao City is one of the few areas in Mindanao where self-confessed jueteng lord Atong


 

Trending News

Recommended on sister sites

Copyright © 2018 Bilyonaryo - Latest news on the richest Filipinos and Family Business.