The Bangko Sentral ng Pilipinas has adjusted the net open foreign exchange position (NOP) ceiling for banks in order to increase liquidity in the market, Governor Benjamin Diokno announced on Thursday.
He made the announcement during the central bank's weekly briefing. By August, the NOP limit shall be raised to the lower of 25 percent of qualifying capital or $150 million, from the previous limit of 20 percent of unimpaired capital or $50 million, whichever is lower, according to Diokno
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