August 9, 2001
BSP CIRCULAR LETTER
TO : All Authorized Agent Banks (AABs) and their Subsidiaries/Affiliate Forex Corporations
Attached, for your guidance, is the list of minimum documentary requirements that AABs and/or their subsidiary/affiliate forex corporations shall require from residents purchasing foreign exchange for non-trade purposes. ITSacC
This Circular-Letter serves to clarify Section 2 of Circular No. 1389 s. 1993, as amended.
(SGD.) ALBERTO V. REYES
Deputy Governor
MINIMUM DOCUMENTATION REQUIREMENTS FOR THE SALE OF FX FOR NON-TRADE PURPOSES
| 1) | Travel Funds (Only for permanent | 1. | Applicant's passport |
| residents of the Philippines | 2. | Passenger ticket | |
| 2) | Educational Expenses/Student | 1. | Statement of enrollment or |
| Maintenance | acceptance by the school abroad | ||
| showing that the student is working | |||
| or about to work for a degree or | |||
| taking a high technology course; | |||
| 2. | School bills/statements of account | ||
| covering tuition and other school | |||
| fees, and | |||
| 3. | Sworn statement of the student that | ||
| he does not enjoy scholarship/ | |||
| grant/fellowship/stipend and/or is | |||
| not gainfully employed. | |||
| 3) | Correspondence...
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Mobile No. +639451244898 |
