DOES PRA ACCEPT CURRENCIES OTHER THAN US DOLLARS AS REQUIRED FOREIGN CURRENCY DEPOSIT?
No. Nonetheless, the PRA Accredited Banks agree to accept any acceptable foreign currency for deposit in the accounts, provided that it shall be credited to the account as United States Dollars or Philippine Peso equivalent. After the issuance of SRRV the retiree may convert the Dollar time deposit to Philippine Peso or Euro money.
Related Questions
- Can the beneficiary receive the payment in a foreign currency other than Pak Rupees and US Dollars for direct deposit in an account with UBL or in cash or in an account with any bank other than UBL?
- Can I perform a Foreign Currency Fixed Deposit placement via iBanking by debiting my Foreign Currency Current Account?
- Where can I find good historical charts of currency exchange rates?
