Can I read Batchelder vs. Central Bank Ruling on EtoBox?

Batchelder vs. Central Bank Ruling by carinokatrina is a document available to read on EtoBox.

What is Batchelder vs. Central Bank Ruling about?

The Central Bank of the Philippines was not obligated under law to resell dollars to George Batchelder at the preferred exchange rate after he had surrendered his dollar earnings from a construction contract. While obligations can arise from law, contracts, or other sources, there was no showing that a legal provision existed requiring the Central Bank to provide the resale at the preferred rate. The objectives and functions of the Central Bank were to maintain monetary stability and the value of the peso r

Author

carinokatrina

Language

EN