Publishing the Value of the Canadian Dollar for the Purpose of the Assessment and Collection of Duty
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Publishing the Value of the Canadian Dollar for the Purpose of the Assessment and Collection of Duty
Proclamation No. 254
May 26, 1951
Case Overview and Summary
Summary of Proclamation No. 254Fixing the Value of the Canadian Dollar
- Pursuant to Republic Act No. 77, the President of the Philippines has the authority to fix the value of foreign currencies for the purpose of assessing and collecting duties.
- Upon the recommendation of the Undersecretary of Finance, the value of the Canadian dollar is fixed at ₱1.923124, Philippine currency, which is equivalent to $0.961562, United States currency.
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Tags
Executive Issuances
Proclamations
Proclamation No. 254
Canadian dollar
Philippine currency
United States currency
Assessment and collection of duty
Republic Act No. 77
Undersecretary of Finance
Foreign currency value
Customs duties
Exchange rate
Law
Publishing the Value of the Canadian Dollar for the Purpose of the Assessment and Collection of Duty
Proclamation No. 254
•May 26, 1951
MALACAÑANGManila
BY THE PRESIDENT OF THE PHILIPPINES
Proclamation No. 254
PUBLISHING THE VALUE OF THE CANADIAN DOLLAR FOR THE PURPOSE OF THE ASSESSMENT AND COLLECTION OF DUTY.
Pursuant to the authority vested in me by Republic Act No. 77 and upon the recommendation of the Undersecretary of Finance, the value of the Canadian dollar is hereby fixed at ₱1.923124, Philippine currency, which is equivalent to $.961562, United States currency.
IN WITNESS WHEREOF, I have hereunto set my hand and caused the seal of the Republic of the Philippines to be affixed.
Done in the City of Manila, this 26th day of May, in the year of Our Lord, nineteen hundred and fifty-one, and of the Independence of the Philippines, the fifth.
ELPIDIO QUIRINOPresident of the Philippines
By the President:
MARCIANO ROQUEActing Assistant Executive Secretary
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Amends
n/a
Amended by
n/a
Tags
Executive Issuances
Proclamations
Proclamation No. 254
Canadian dollar
Philippine currency
United States currency
Assessment and collection of duty
Republic Act No. 77
Undersecretary of Finance
Foreign currency value
Customs duties
Exchange rate
MALACAÑANGManila
BY THE PRESIDENT OF THE PHILIPPINES
Proclamation No. 254
PUBLISHING THE VALUE OF THE CANADIAN DOLLAR FOR THE PURPOSE OF THE ASSESSMENT AND COLLECTION OF DUTY.
Pursuant to the authority vested in me by Republic Act No. 77 and upon the recommendation of the Undersecretary of Finance, the value of the Canadian dollar is hereby fixed at ₱1.923124, Philippine currency, which is equivalent to $.961562, United States currency.
IN WITNESS WHEREOF, I have hereunto set my hand and caused the seal of the Republic of the Philippines to be affixed.
Done in the City of Manila, this 26th day of May, in the year of Our Lord, nineteen hundred and fifty-one, and of the Independence of the Philippines, the fifth.
ELPIDIO QUIRINOPresident of the Philippines
By the President:
MARCIANO ROQUEActing Assistant Executive Secretary
Login to see full content