Sunday 16 December
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.

Please follow and like us:

Tags: , , , , ,

Related Stories
President Rodrigo Duterte believes the Philippines will continue to be hugely reliant on oil for
President Rodrigo Duterte didn’t scrimp on praises for Bista Land and Lifescapes chairman Manny Villar
The House of Representatives rules committee will start its investigation on the alleged “budget anomalies
The Senate on Thursday ratified the bicameral conference committee report on the bill granting a


Trending News

Recommended on sister sites

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