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EXECUTIVE ORDERS
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EXECUTIVE ORDER NO. 25 - FURTHER
AMENDMENT OF Sec. 3 OF EXECUTIVE ORDER NO. 169, SERIES OF 1994, AS
AMENDED, RECONSTITUTING THE COMPOSITION OF THE CENTRAL BANK BOARD OF
LIQUIDATORS
WHEREAS,
pursuant to Section 132 (e) of Republic Act No. 7653, the Central
Bank-Board of Liquidators (CB-BOL) has the responsibility of
administering, disposing of and liquidating all assets and liabilities
of the Central Bank of the Philippines not transferred to or assumed by
the Bangko Sentral ng Pilipinas (BSP);
WHEREAS, Executive Order No. 169, series of 1994, prescribed that the
Board shall be composed of a Chairman and two (2) members;
WHEREAS, Executive Order No. 455, series of 1997, amended Executive
Order No. 169 by increasing the members of the Board including its
Chairman to five;
WHEREAS, Executive Order No. 476, series of 1998, further amended
Sec. 3 of Executive Order No. 169, series of 1994; and
WHEREAS, it is desirable that the composition of the Board be further
reconstituted;
NOW, THEREFORE, I, JOSEPH EJERCITO ESTRADA, President of the Republic
of the Philippines, by virtue of the powers vested in me by law, do
hereby order the amendment of Sec. 3 of Executive Order No. 169,
series of 1994, as amended, to read as follows:
“SEC.
3.
Chairman
— Full-time member of the Monetary Board to be nominated by the
Chairman of the Monetary Board;
Members:
1.
2.
3.
4.
This Executive Order shall take effect immediately.
DONE in the City of Manila, this 21st day of September, in the year of Our Lord, Nineteen Hundred and Ninety-Eight.
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