Guidelines on Foreign Exchange Remittances of Filipino Contract Workers

 February 22, 1983POEA MEMORANDUM CIRCULAR NO. 007-83SUBJECT : Guidelines on Foreign Exchange Remittances of Filipino Contract WorkersAttached, for the information and guidance of all concerned, is a copy of Resolution 1-83 of the Inter-Agency Committee on the Implementation of Executive Order No. 857. Among other things, the Resolution contains guidelines on various matters brought to the Committee's attention regarding the Executive Order and its implementing rules and regulations. prcd(SGD.) PATRICIA A. STO. TOMASAdministratorANNEXRESOLUTION NO. 1-83In its meeting held on 9 February at the Blue Room of the Central Bank and presided over by Central Bank Deputy Governor Juan Quintos, Jr., the Inter-Agency Committee on the Implementation of Executive Order No. 857 decided on the following:I. Guidelines1.1. Validity of Passports of Contract Workers — In accordance with the normal duration of contracts of employment, and taking into account the provisions of both Executive Order Nos. 855 and 857 mandating the Ministry of Foreign Affairs to adjust, as circumstances may require the initial validity period, passports issued to contract workers shall be valid for two years, renewable...