BSP clarifies QAR conversion policy

THE Bangko Sentral ng Pilipinas yesterday clarified that it has not issued any policy prohibiting the exchange of Qatari riyal (QAR) for Philippine pesos through banks, money changers (MCs) and foreign exchange (FX) dealers.

The BSP also clarified that acceptance of QAR or any other foreign currency has always been a business decision of banks, MCs and FX dealers. (PR)
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