What is the role of monitary board of the Philippines?

Question

What is the role of monitary board of the Philippines?

Answer 1

The Monetary Board shall endeavor to hold the foreign exchange resources of the Bangko Sentral in freely convertible currencies; moreover, the Board shall give particular consideration to the prospects of continued strength and convertibility of the currencies in which the reserve is maintained, as well as to the anticipated demands for such currencies. The Monetary Board shall issue regulations determining the other qualifications which foreign exchange assets must meet in order to be included in the international reserves of the Bangko Sentral.

Source :

http://www.bsp.gov.ph/about/charter_09.a...

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