In the course of the last five years, the BSP’s PhilPaSS has been interconnected with the check and peso clearing results of the PCHC, the Delivery vs. Payment of Government Securities transactions of the Bureau of the Treasury, the ATM transactions of the Megalink member banks, and the Payment vs. Payment (Foreign Exchange) transactions of the Philippine Dealing Exchange.
Today the Bank of Italy’s reserves comprise more than 2,500 tonnes of gold and foreign assets, net of repurchase agreements, worth 82 trillion lire, compared with ó trillion in 1992. Underlying the lira’s solidity is the return to balance between Italy’s external assets and liabilities.