Pawnshops are expected to access more liquidity amid the coronavirus disease 2019 (Covid-19) pandemic after the country’s monetary authorities offered regulatory relief to these financial institutions supervised by the Bangko Sentral ng Pilipinas (BSP).
In a memorandum issued on Monday, BSP Deputy Governor Chuchi Fonacier announced that the central bank’s policymaking Monetary Board approved the granting of regulatory relief to pawnshops by relaxing their maximum borrowing limit.
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