Bangko Sentral ng Pilipinas (BSP) to deploy its International Transaction Reporting System (ITRS) in June 2025.

Bangko Sentral ng Pilipinas (BSP) to deploy its International Transaction Reporting System (ITRS) in June 2025.

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Bangko Sentral ng Pilipinas (BSP) to deploy its International Transaction Reporting System (ITRS) in June 2025.

In a memo signed by Senior Assistant Governor Iluminada Sicat, the BSP has extended the testing period and implementation of the ITRS to give banks more time to address technical concerns. The ITRS seeks to monitor cross-border transactions and collect data to compile the country’s Balance of Payments (BOP) statistics based on international standards.

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