Practice question
Explain the foreign-currency deposit confidentiality rationale stated in PD 1246 without asserting that every historical incentive remains unchanged today.
Legal references
- RA1405, Section1, purpose of deposit secrecy: https://lawphil.net/statutes/repacts/ra1955/ra_1405_1955.html
- PD1246, preamble and Section2 amending RA6426Section8: https://lawphil.net/statutes/presdecs/pd1977/pd_1246_1977.html
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