The Monetary Board of the Bangko Sentral ng Pilipinas (BSP) has approved the opening of a currency exchange facility (CEF) for Egyptian pound.
“At present, the Egyptian banknotes are not convertible to pesos. Under the facility, overseas Filipino workers (OFWs) and their family members returning from Egypt will be allowed to exchange their Egyptian pound (EGP) to Philippine peso,” BSP Governor Amando Tetangco Jr. said.
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