Administrative Order No. 200 — On Reducing Remittance Fees of Overseas Filipino Workers

MALACAÑANG

MANILA

BY THE PRESIDENT OF THE PHILIPPINES

ADMINISTRATIVE ORDER NO. 200

ON REDUCING REMITTANCE FEES OF OVERSEAS FILIPINO WORKERS

WHEREAS, the current remittance fees of Overseas Filipino Workers (OFWs) of 4%-9% of the amounts sent is even higher than credit card charges;

NOW THEREFORE, I, GLORIA MACAPAGAL-ARROYO, by the powers vested in me by law, do hereby order:

Section 1. The Department of Finance (DOF), Department of Labor and Employment (DOLE), Government Financial Institutions and Overseas Workers Welfare Administration shall work with the Bangko Sentral ng Pilipinas and the Bankers' Association of the Philippines on a plan for reducing OFW remittance fees from the current 4%-9% of amounts sent.

DONE , in the City of Manila, this 6 th day of October in the year of our Lord, Two Thousand and Seven.

(Sgd.) GLORIA MACAPAGAL-ARROYO

President of the Philippines

By the President:

(Sgd.) EDUARDO R. ERMITA

Executive Secretary

Office of the President of the Philippines. (2007). [Administrative Order Nos. : 111-288]. Manila : Malacañang Records Office.

Resources

[PDF] Administrative Order No. 200, October 6, 2007