ChanRobles Virtual law Library
PHILIPPINE LAWS, STATUTES & CODES
A collection of Philippine laws, statutes and codes not included or cited in the main indices of the Chan Robles Virtual Law Library.
Home > Chan Robles Virtual Law Library > Philippine Laws, Statutes & Codes > :
Search for
www.chanrobles.com
:
EXECUTIVE ORDERS
PLEASE CLICK HERE FOR THE LATEST ➔ PHILIPPINE LAWS, STATUTES & CODES
EXECUTIVE ORDER NO. 16 - AMENDING
Sec. 5 OF REPUBLIC ACT NO. 225, AS AMENDED, TO INCREASE THE
MEMBERSHIP OF THE MONETARY BOARD
WHEREAS, the present government is
confronted by serious budgetary constraints as a result of the adverse
financial situation;
WHEREAS, these constraints will be alleviated by the adoption of
necessary and responsive fiscal, monetary and credit policies by the
economic group, particularly the Central Bank of the Philippines, and
such policies will have a critical impact on the budgetary process;
WHEREAS, there is need to harmonize and coordinate budgeting with
monetary, credit and fiscal policies;
WHEREAS, considering the crucial role of the Ministry of the Budget in
the inter-play of monetary, credit and fiscal policies and budgetary
measures, the Minister of the Budget should be ex-officio member of the
Monetary Board.
NOW, THEREFORE, I, CORAZON C. AQUINO, President of the Philippines, by
virtue of the powers vested in me by law, do hereby order the
following:
Section 1.
“Sec.
5.
(a)
(b)
(c)
(d)
(e)
(f)
(g)
In making Appointments to the Monetary Board, the President of the Philippines shall base his selection on the integrity, experience and expertise of the appointee.”
Sec. 2.
Done in the City of Manila,
this 9th day of May in the year of Our Lord, nineteen hundred and
eighty-six.
Back to Main
chan robles virtual law library
Since 19.07.98.