The Bangko Sentral ng Pilipinas is urging market players to remain responsible amidst the latest developments in the financial market since volatilities are causing currencies, among others, to weaken.
The central bank said it is “look forward to servicing all legitimate dollar transactions”, adding “the USD spot market remains open and active while forwards and repo are available facilities.” The BSP said it is committed to enhancing the well-being of Filipinos through a financial system that addresses the funding needs of the public while managing risks.