TRADING of Philippine peso to the US dollar resumed on Wednesday after trading platforms were granted exemption from the “enhanced community quarantine” in Luzon.
“Per the Bankers Association of the Philippines, trading of Peso/USD and government securities has resumed 18 March 2020 and will be settled in PhilPaSS within 9 a.m. to 3 p.m.” the Bangko Sentral ng Pilipinas (BSP) said in an advisory.
Meanwhile, the central bank said operating hours of PhilPaSS is still from 9 a.m. to 3 p.m. to settle all retail transactions that can be done through ATMs, automated clearing houses (PESONet and InstaPay), checks and urgent fund transfers requested by banks for corporate, as well as trading with the BSP Financial Market Operations Sub-Sector.
In a joint statement, the BSP and Department of Finance said the Inter-Agency Task Force granted the trading platforms exemption from the enhanced quarantine measures “after they assured the authorities that necessary safeguards to ensure the safety of their employees and the community they interact with are in place.” (GMA News)
