Philippines: e-rediscouting system
In a speech made on the launch of an electronic rediscounting system, Amando Tetangco Jr., governor of the central bank of the Philippines, said that the system would expand access to credit of countryside areas in the Mindanao region.
Speaking on 20 July, Tetangco Jr. said "This should stimulate economic activities in the local communities here," including micro, small and medium enterprises, as well as exporters.
Tetangco Jr. explained that in using an online rediscounting facility, "banks file
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