Practice question
Explain the Monetary Board's role under sections 6 and 15 and relate it to the amended section 3 mandate. Distinguish statutory central-bank policy and administration from an unlimited power to disregard other laws.
Legal references
- New Central Bank Act, RA 7653, sections 6, 14–15, https://lawphil.net/statutes/repacts/ra1993/ra_7653_1993.html
- RA 11211, sections 2–3 amending New Central Bank Act sections 3 and 11, https://lawphil.net/statutes/repacts/ra2019/ra_11211_2019.html
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